Primary Menu
Skip to content
Welcome
Forums
Register
Contact Us
Advanced search
Board index
‹
Technical Forums
‹
Taxation
Change font size
Print view
FAQ
Register
Login
SEHI and IRA Deduction
Technical topics regarding tax preparation.
Post a reply
3 posts • Page
1
of
1
13-Jun-2024 1:23pm
Top
#1
valpal13
Posts:
3
Joined:
7-Dec-2021 10:12am
Location:
76262
Business makes $4,900. IRA deduction $4,200. Can SEHI of medicare premiums $1,979 be deducted too?
Stop overpaying for your tax firm website.
Please visit: www.TheSiteFactory.com
13-Jun-2024 7:29pm
Top
#2
SumwunLost
Posts:
4219
Joined:
21-Apr-2014 11:24am
Location:
North Carolina
A traditional IRA does not change the net profit, so yes, you can deduct the Medicare premium.
14-Jun-2024 10:03am
Top
#3
valpal13
Posts:
3
Joined:
7-Dec-2021 10:12am
Location:
76262
That is what I thought. My tax software confirms this. IRS does not think that SEHI is deductible.
Display posts from previous:
All posts
1 day
7 days
2 weeks
1 month
3 months
6 months
1 year
Sort by
Author
Post time
Subject
Ascending
Descending
Post a reply
3 posts • Page
1
of
1
Return to Taxation
Who is online
Users browsing this forum:
Google [Bot]
and 73 guests