Park City, UT (PRWEB) April 11, 2014
Today, Zane Benefits, the #1 Online Health Benefits Solution, published new information on health insurance tax deductions for the self-employed.
According to Zane Benefits’ website, the ACA did not substantially change the individual health insurance deduction for the self-employed. Most self-employed taxpayers can deduct health insurance premiums, including age-based premiums for long-term care coverage. The line 29 deduction on the 1040 return is still available to those whose business income shows a profit, who are not eligible for employer-provided insurance (either from a side job or a spouse’s job), and who meet other criteria.
Zane Benefits’ website says that if you list unreimbursed medical expenses, including insurance premiums, as itemized deductions on your Schedule A, you will continue to be able to do that.
About Zane Benefits
Zane Benefits, the #1 Online Health Benefits Solution, was founded in 2006 to revolutionize the way employers provide employee health benefits in America. We empower employees to take control over their own healthcare, while helping employers recruit and retain the best talent. Our online solutions allow small and medium-sized businesses to successfully transition to a health benefits program that creates happier employees, reduces costs and frees up more time to serve their customers. For more information about ZaneHealth, visit http://www.zanebenefits.com.