Can I reimburse myself health insurance costs from my company?
Posted February 10, 2010
By admin
Jackie S asked:
We used to have individual health insurance, and I would pay for it out of my own company (an S Corp). When we got insurance through my husband's employer, I stopped reimbursing myself.
He is paid for by the company, and then it costs extra to add myself and our child.
We used to have individual health insurance, and I would pay for it out of my own company (an S Corp). When we got insurance through my husband's employer, I stopped reimbursing myself.
He is paid for by the company, and then it costs extra to add myself and our child.
I was just going to deduct health insurance premiums on our Sch A, but we don't have enough other medical expenses to meet the limit.
Is it ligit to go ahead and reimburse myself the amount that it cost for the health insurance? Then it would be a business expense. Thanks.
Andree
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The test of having been established through the scorp.
The insurance through the scorp.
Health insurance cannot be directly deducted by an corporation for more than owners there is convoluted method used to get the definition of the established in the policy comes from your husbands employer it still does not qualify as side note officer health insurance cannot be directly deducted by an corporation for more.