2023 Health Insurance for S Corporation Owners: An Update
As a business owner operating an S corporation or a tax professional assisting an S corporation, you have to be updated on the latest health insurance policies and regulations to ensure that you are in compliance with the law and to avoid any penalties.
This article on 2023 Health Insurance for S Corporation Owners: An Update provides you with the information you need to make informed decisions on how to handle S corporation health insurance.
The article covers the rules for getting health insurance costs on your S corporation’s books, including how to claim the health insurance deduction on the more than 2-percent-shareholder-employee’s Form 1040, Schedule 1.
It also explains the two hurdles that you need to overcome to claim the self-employed health insurance deduction and gives you examples of how it works.
Additionally, the article discusses the provisions for rank-and-file employees and group insurance options, giving you a comprehensive understanding of the health insurance landscape for S corporations in 2023.
Reading this article will help you make informed decisions and ensure that your S corporation is in compliance with the law.