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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

The author is paid for product endorsements and has an ownership or other financial interest in the businesses related to the topics covered.

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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posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date.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 email or ask for an update. Email asktony@tonynovak.com.

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.

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