A website visitor asks the following: “I am in a same-sex marriage and am self-employed. If I put my spouse on an insurance policy, can I take the full cost of the insurance as a deduction for self-employed health insurance?” This is an excellent question. Let’s look at what the law says about a self-employed […]
All of these are actual questions from visitors to this website over the last few weeks: Q: Can a self-employed person deduct health insurance for same-sex spouse? A: Yes, if the spouse is your dependent. Otherwise, the answer is no. That’s on the federal return. But also consider the implications on the state tax return. […]
DISCLAIMER: The answers to questions in this segment are intended to be general in nature and do NOT constitute tax advice. Please contact a tax advisor to discuss your unique situation. Q: I have a business account with an associated merchants card account. In the past I have done business with entities that only […]
