Discussion:Above the line deductions
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| Revision as of 22:01, 26 August 2006 Riley2 (Talk | contribs) (Assuming that yo) ← Previous diff |
Revision as of 23:19, 26 August 2006 Jc (Talk | contribs) (Was I wrong in m) Next diff → |
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| {{ForumReplyPost|UserID=Riley2|Date=26 August 2006|Text=Assuming that you would pay those premiums at the personal level from your wages from the S corporation, you miss an opportunity to claim a legitimate from your Social Security wages.}} | {{ForumReplyPost|UserID=Riley2|Date=26 August 2006|Text=Assuming that you would pay those premiums at the personal level from your wages from the S corporation, you miss an opportunity to claim a legitimate from your Social Security wages.}} | ||
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| + | {{ForumReplyPost|UserID=Jc|Date=26 August 2006|Text=Was I wrong in my thinking that social security tax was paid on wages pre-above the line deduction? It's paid on AGI?}} | ||
Revision as of 23:19, 26 August 2006
Discussion Forum Index --> Tax Questions --> Above the line deductions
| 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? | |
| 26 August 2006 | |
| Assuming that you would pay those premiums at the personal level from your wages from the S corporation, you miss an opportunity to claim a legitimate from your Social Security wages. | |
| 26 August 2006 | |
| Was I wrong in my thinking that social security tax was paid on wages pre-above the line deduction? It's paid on AGI? | |
