ketaml
New Member

Self-employed Spouse retired mid-year

I am self-employed and my spouse had always had extra deductions taken out of his paycheck to cover my business. He is retiring mid-year, so I am going to be underpaid by year-end.  Will penalties be waived, given he is retiring and the fact that we got a refund last year?

 

Since we will be paying the full amount for his current employer's insurance plan, can I deduct my portion of it?