Self Employed Medical Insurnace Deduction

For the first time ever the self the employed can deduct their medical insurance premiums on Schedule C shaving 15.3% off their tax bill. Don’t miss this!

Normally these insurance deductions are taken in other sections of the tax return helping reduce income taxes but not the 15.3% self employment tax. For the first time (for 2010 only, at least for now) this deduction can be taken on Schedule C and reduce self employment taxes (15.3%) and cut your income tax bill.

Although it is hard to understand why the Washington has finally decided to treat the self employeds the same as any other business this is an opportunity you don’t want to miss.

Let me know if I can be of any help!

Reg Baker, CPA
http://www.regbaker.com/