View Full Version : Medical Insurance
Here_To_Help- Jon
Aug 4, 2006, 08:47 AM
I am about to retire from a large corporatation where I pay monthly premiums into our medical/dental plan. When I retire at end of year - that will stop and will purchase another family policy on my own. My wife has a travel agent business (a franchise - i.e. she receives a 1099 from them). My question - if I have HER apply for and pay for the medical insurance for her, me and our daughter - are those premiums something she can claim as a business expense (I am listed as an "associate" with $1.00 pay). Thanks in advance. Daughter is 17 yrs of age.
AtlantaTaxExpert
Aug 4, 2006, 02:59 PM
Yes, she can claim those premiums on her Schedule C under the deduction for self-employed health insurance. You do not have to be employed to be covered, as the deduction is for health insurance for spouse and dependents as well as the business owner.
seo59.rajesh
Dec 3, 2011, 05:10 AM
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