Flowchart for Maximizing Health Insurance Deductions and Tax Savings for S Corporations
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If you’re wondering how health insurance works in an S-Corp, take a look at our full overview, How Do Health Insurance Benefits Work for an S Corporation to get a grasp of the structure. Once you’re familiar with how it works and the differences between health insurance for S-Corp non shareholder-employees versus shareholder-employees, use our handy flowchart to make sure you’re using the best tax strategies and maximizing deductions.
Health Insurance Benefits and Deductions in an S-Corp
We hope you found this helpful! Although his chart provides an overview of possible strategies and deductions, we still always recommend you contact a tax professional who specializes in s-corp accounting to ensure tax season is as smooth as possible for your small business.