Tom, Like Don, I am not a tax expert. In fact I forgot more than I know about taxes now that my CPA has been preparing them for many years. So if I am wrong here, someone let me know. However, as a sole proprietor (LLC), there is a line on the first page of my 1040 (self-employment health insurance deduction) where my health insurance costs are subtracted from my gross income to create my adjusted gross income. I believe that saves self-employed individuals lots of money by reducing their taxable income considerably. Regards, Tom Tom Gajda Engineering Writer Thomas Paul Communications, LLC 413-297-2246 |www.EngineeringWriter.com Also see me at: <http://www.mswordexpert.com> www.mswordexpert.com <http://www.processequipmenttraining.com> www.processequipmenttraining.com From: hidden-discuss-bounces at lists.hidden-tech.net [mailto:hidden-discuss-bounces at lists.hidden-tech.net] On Behalf Of Don Lesser Sent: Thursday, September 17, 2009 9:23 AM To: 'Tom / Reelife Productions'; 'Hidden-Tech Tech' Subject: RE: [Hidden-tech] found the answer Too bad. Can your business buy insurance (from a Chamber of Commerce or some other group)? That way it is a business expense and comes off your taxes? I'm no tax expert, but I'd look into that route. The Noho chamber is about $300 per year, but there are other perks and you can compare the total cost of health care + Chamber to whatever else you are offered. Don Lesser Pioneer Training, Inc. 139 B Damon Road, Suite 2 Northampton, MA 01060 (413) 387-1040 / (413) 536-1030 (413) 586-0545 (fax) dlesser at ptraining.com www.ptraining.com From: hidden-discuss-bounces at lists.hidden-tech.net [mailto:hidden-discuss-bounces at lists.hidden-tech.net] On Behalf Of Tom / Reelife Productions Sent: Wednesday, September 16, 2009 12:33 PM To: Hidden-Tech Tech Subject: [Hidden-tech] found the answer well unfortunately, here is the answer: I am not eligible for getting health insurance at pretax dollars (only employees of mine would be)..I'm beginning to think my four legged friend, Maggie, would be a wonderful secretary! -- Regards, Tom Adams (413) 575-9707 Williamsburg, MA ~~~~~~~~~~~~~~~ www.YouTube.com/Reelife www.ReelifeProductions.com www.FolktographybyTom.com www.Twitter.com/Reelife_Tom Web.me.com/reelifeproductions www.Facebook.com/tomadams4 www.LinkedIn.com/in/tomadams2 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://lists.hidden-tech.net/pipermail/hidden-discuss/attachments/20090917/2730e04c/attachment.html