Are Insurance Premiums Tax Deductible?

With health care costs only continuing to increase, any relief you can obtain at tax time is welcome.

As a business owner, in some cases, your health care insurance can be claimed as a deduction on your taxes. However, there are stipulations on what is covered and in some cases, it may be more advantageous to deduct premiums from your self-employment income.

A knowledgeable accountant can help guide you through the various deductions based on your circumstances. For more information, contact Mario at marioyu2@gmail.com or 416-566-8806.