What is the Self-Employed Health Insurance Deduction? | Writing Off Health Insurance Expenses скачать в хорошем качестве

What is the Self-Employed Health Insurance Deduction? | Writing Off Health Insurance Expenses

Keeper is delightfully smart tax filing software that’s especially useful for people with 1099 contracting & freelance income. Connect your bank to automatically uncover tax breaks & personalize. Get started with the app: https://keeper.tax/e/9VPmNjoGhxb Our website: https://www.keepertax.com/ —————————————————————————————————— If you’re self-employed, you’re allowed to lower your taxable income by the amount you spent on health insurance for the year. This is called the self-employed health insurance adjustment. Businesses are allowed to deduct the cost of health insurance for their employees. This deduction is meant to give self-employed individuals the same incentive to get coverage. Hallelujah! Watch the video to learn more about this deduction and how to claim it, so you can lower your taxable income. TIMESTAMPS 0:00 - Intro 0:44 - How to write off health insurance if you're self-employed 1:07 - What kind of coverage can you write off? 1:38 - What insurance can you not write off? 2:10 - How is health insurance different from regular business write-offs? 3:32 - Tips for writing off your health insurance —————————————————————————————————— MORE ON HEALTH INSURANCE How to Claim Your Self-Employed Health Insurance Deduction: https://www.keepertax.com/posts/self-... How to Get Freelancer Health Insurance: https://www.keepertax.com/posts/freel... —————————————————————————————————— OTHER VIDEOS TO WATCH Standard Deduction vs Itemizing for Freelancers:    • Standard Deduction vs Itemizing for S...   Behind on Your Taxes?    • Behind on Your Taxes? | What to Do If...   Tax Write-Offs Explained:    • Tax Write-Offs Explained | Tax Deduct...   —————————————————————————————————— COMMON TAX WRITE-OFFS For designers: https://www.keepertax.com/tax-write-o... For real estate agents: https://www.keepertax.com/tax-write-o... For child care providers: https://www.keepertax.com/tax-write-o... For consultants: https://www.keepertax.com/tax-write-o... And more: https://www.keepertax.com/freelancer-... —————————————————————————————————— FREE TAX RESOURCES 1099 Tax Calculator: https://www.keepertax.com/1099-tax-ca... How Much Should I Set Aside for Taxes? https://www.keepertax.com/self-employ... Quarterly Tax Calculator: https://www.keepertax.com/quarterly-t... Income Tax Calculator: https://www.keepertax.com/income-tax-...