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Anyone filing taxes as a small business owner? See

 
 
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Old 02-27-2011, 04:13 AM #1
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Mari Mari is offline
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Mari Mari is offline
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Join Date: Sep 2006
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Default Anyone filing taxes as a small business owner? See
Hi,
New tax rules for 2010:

Self-employed get tax break on health premiums in small business act
Read more: http://www.sfgate.com/cgi-bin/blogs/...entry_id=73066
Quote:
Because the self-employment tax is 15.3 percent, most self-employed people will save 15.3 percent of whatever they pay in premiums. A person who pays $12,000 a year in premiums would generally save $1,836.


Small Business Owners can deduct health insurance premiums for 2010
http://www.irs.gov/businesses/small/...230307,00.html
Quote:
business owners can deduct the cost of health insurance for themselves and their family in the calculation of their 2010 self-employment tax.
M.
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