S Corporation Health Insurance Deduction
If you own more than 2 percent of an S corporation, your dental, vision, and Medicare premiums can qualify for the same valuable tax treatment as your major medical insurance premiums. To secure the deductions, follow the same three-step process for all qualifying premiums. First, your S corporation must either pay the premiums directly or […]
Exploring Your Term Life Insurance Options Safely and Smartly
Are you considering cashing out your term life insurance policy? Unfortunately, selling a term life policy to investors is nearly impossible unless you are terminally ill and unlikely to outlive the policy. Exploring different term life insurance options might help you understand alternative solutions. You do have one potential option: you could name a relative […]
Your Guide to Deducting Long-Term Care Insurance
Long-term care costs can be substantial, and neither Medicare nor Medicaid provide comprehensive coverage for most people. Long-term care insurance can help protect your finances, and there may be ways to claim a long-term care insurance deduction for the premiums, depending on your business structure. Here are four key points to consider: If you want […]