Thursday, September 30, 2010

A new tax break for the self employed

From the New York Times:

Self-employed workers who pay their own health insurance premiums have always been able to deduct those costs, along with premiums for family members, when calculating their federal income taxes. The new law allows them to also deduct those costs before computing their self-employment taxes, also known as payroll taxes, which cover Social Security and Medicare.






Click the above link to read more.

Monday, September 27, 2010