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Health insurance for S-Corp. owner
originally posted: 11/22/2006
reposted: 2/18/2011 This post has not
been recently reviewed or revised by the author and may be out of date.
If you notice an error or are in doubt, please send a new question by
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Q: I am the only employee of a
subchapter S corporation. How do I handle employer-paid health
insurance?
A: Employer-paid health insurance
is a deductible business expense to the S corporation but that same
amount is included in your taxable salary from the business and subject
to wage taxes. As a consolation, you do get to deduct the cost of this
benefit on your 1040 tax return since S-corporation owners are treated
as self-employed for this purpose.
Summary
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