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Accounting & Bookkeeping & Small Business Forum
Accounting, Bookkeeping, Marketing, and Small Business Resource
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jjffcc
Joined: 08 Oct 2008
Posts: 2
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| Posted: Wed Nov 12, 2008 8:34 pm Post subject: Medical expense |
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| I have a very small bookkeeping business. I get health insurance through my husband's Co., but they don't have a dental plan. Someone told me that if I joined the Small business Assoc of New England, I could get dental insurance through them. My question is, could I take this as a business expense if I don't have employees and I'm not considered an employee? |
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Richard Noot
Joined: 20 Aug 2005
Posts: 878
Location: Minnesota
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| Posted: Thu Nov 13, 2008 1:50 pm Post subject: Re: Medical expense |
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jjffcc wrote: I have a very small bookkeeping business. I get health insurance through my husband's Co., but they don't have a dental plan. Someone told me that if I joined the Small business Assoc of New England, I could get dental insurance through them. My question is, could I take this as a business expense if I don't have employees and I'm not considered an employee? You can take the cost of insurance as an itemized deductionif your total medical paid for the yr. exceeds 7.5% of
your adjusted gross income. Dental insurance does NOT qualify for the SE health insurance deduction on the front of the 1040 if that is what you are questioning. |
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