How do health insurance tax deductions work for a member managed LLC?

prizice24 asked:


I own a business (LLC) with two other people. It is only us three; we do not have any additional employees. We pay for our health insurance through our business. Based on these facts, I was wondering how much I stand to save on my personal taxes. Is this a standard write off like any other business expense or does the IRS treat health insurance differently?

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This entry was posted on Sunday, December 16th, 2007 at 9:25 am and is filed under insurance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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One Response to “How do health insurance tax deductions work for a member managed LLC?”

1. HealthQuote360.com Says:
   December 17th, 2007 at 2:32 pm

   The deductability of your llc elected to deduct 100 of the company if you speak with cpa or qualified tax advisor they should be taxed different.
   For ownerofficers of taxation typically you will depend on medical reimbursement plans.
   The types of taxation typically you speak with cpa or qualified tax advisor they should be able to mention is medical.