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Get your taxes done using TurboTax
there is one possibility that was not explored. That he's a 2% or more shareholder of an S-Corporation. in that case not deducting the insurance from taxable wages was proper. In fact, those premiums should have been added to his wages by his employer (the amount would usually be noted in box 14 of the w-2). Then on your 1040 tax return you would take a self-employment health insurance deduction.
May 1, 2025
9:08 AM