Posts Tagged ‘Taxes’

 

How do health insurance tax deductions work for a member managed LLC?

Tuesday, June 16th, 2009
prizice24 asked:

I own a business (LLC) with two other people. It is only us three; we do not have any additional employees. We pay for our health insurance through our business. Based on these facts, I was wondering how much I stand to save on my personal taxes. Is this a standard write off like any other business expense or does the IRS treat health insurance differently?