Discussion:Above the line deductions

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Revision as of 21:24, 26 August 2006

Discussion Forum Index --> Tax Questions --> Above the line deductions

Jc (talk|edits) said:

26 August 2006
What is the advantage of taking an above the line deduction for health insurance as an S-Corp owner by having the corp pay the premiums and report it as compensation on your W2? What's the difference between just putting it in your own name and itemizing the deduction on your personal return?
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