can corporation deduct group health insurance premium?
- curtisports2Lv 72 weeks ago
Your question is not clear. Are you asking if a company can take a tax deduction, or if a company can deduct premiums from the employee's pay?
The company may take a tax deduction for the portion of the total premium that the company pays for. They may not take a tax deduction for the employee's share.
The company can, of course, deduct the employee's share of the premium from the employee's pay.
- babyboomer1001Lv 72 weeks ago
Yes. That's the way it works.
- AnonymousLv 72 weeks ago
Of course. The amount they pay, they can deduct.
- Anonymous2 weeks ago
Deduct it as a business expense? Yes, but not any portion that the employees pay for.
For example, if Jane's premium is $400 and Jane pays $100, the company can only deduct $300.