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One of the biggest tax breaks for self-employed business owners is the deduction for health insurance premiums. If you show a net profit on your Schedule C and you paid premiums for medical, dental, or qualified long-term care insurance for yourself, your spouse, and your dependents, you get a special deduction. It’s not actually a deduction [...] As a self-employed, home-based business owner, you have a way to save hundreds, perhaps thousands of dollars in taxes without spending any more than your ordinary, everyday expenses. There’s a perfectly legal way for you to turn seemingly non-deductible personal expenses into deductible business expenses and lower your tax bill year after year after year. It’s [...] |
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Copyright © 2012 Sheryl Schuff - All Rights Reserved |