If you are a self-employed business owner, today you can deduct 100% of what you pay for your health insurance premiums off your adjusted gross income for Federal income tax purposes. It’s a considerable benefit – one that I find is frequently overlooked in media reports about health insurance for the self-employed. I’ve even run into some small business owners – and aspiring business owners – who seem unaware of the provision. And that’s a shame, because it’s a valuable benefit.
However, as good as that benefit is, you still have to pay a 15.3% self-employment (FICA) tax on those premiums.
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Jul 20, 2009
As Congress continues its important work on health care reform, the NASE and the NAR ask legislators that any final health reform measure address the unique problems experienced by America’s self-employed workforce.
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Jul 20, 2009
The NASE, NFIB, and NSBA urge legislators to remember that our nation’s small businesses and the self-employed share a problem that plagues all of our members: the soaring cost of healthcare.
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Jul 16, 2009
The Council for Affordable Health Insurance (CAHI) recently hosted a briefing to discuss consumer driven health care. A consumer driven health plan is generally defined as a high-deductible health plan (HDHP) offered in combination with a savings fund such as a health reimbursement arrangement (HRA) or a health savings account (HSA).
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Jul 14, 2009
The Senate Committee on Small Business and Entrepreneurship recently held a roundtable to discuss the impact of various health reform proposals on small businesses. Kristie Arslan, Executive Director of the Legislative Office for the National Association for the Self-Employed (NASE), participated in the roundtable along with Senator Ron Wyden (D-Ore.) and other small business owners and advocates.
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Jul 14, 2009
The United States Senate Committee on Small Business and Entrepreneurship recently held a roundtable to discuss the impact of various health reform proposals on small businesses. Kristie Arslan, Executive Director of the Legislative Office for the National Association for the Self-Employed (NASE), participated in the roundtable along with Senator Ron Wyden (D-Ore.) and other small business owners and advocates.
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Jul 11, 2009
Kristie Arslan, Executive Director of the Legislative Office for the National Association for the Self-Employed (NASE), recently participated in United States Senate Committee on Small Business and Entrepreneurship roundtable to discuss the impact of various health reform proposals on small businesses along with Senator Ron Wyden (D-Ore.) and other small business owners and advocates.
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Jul 10, 2009
For twenty years, the National Association for the Self-Employed (NASE) has provided budding entrepreneurs with a means to success through its college scholarship program. This year is no exception, with a scholarship worth up to $24,000 going to Joe Pielago, a Los Angeles streetwear designer.
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Jul 10, 2009
NASE Executive Director, Kristie Arslan, participated in a roundtable hosted by the Senate Committee on Small Business and Entrepreneurship regarding the healthcare reform priorities of small business. Arslan commented that for the last decade, the cost of health care has been consistently been selected by NASE members as the top issue affecting their business. The economic downturn has made it even more crucial that Congress provide relief to the self-employed from the high health care costs that are strangling their businesses.
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Jul 09, 2009
The Small Business Jump Start Act of 2009 (S. 1402) will increase the small business start-up expenses deduction from $5,000 to $10,000 and increase the threshold for the deduction phase-out from $50,000 to $60,000.
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Jul 08, 2009