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EC Ind | First pay the insurance in full each month then take the refundable tax credit when you file. Investigate TASC it charges a fee to manage your employee benefits, hire your wife for a minimum wage and provide benefits that includes health insurance and you may deduct all premiums plus out of pocket costs. A good accountant should make you money use the loopholes to your advantage. You can still fund an IRA for 2020 until April 15 use the deduction to lower income.
A pretax appointment in November lets you manage income and expenses before it is too late to change things. Use cash accounting while you can, I’m afraid accrual will be forced on us in the future limiting the ability to manage income. | |
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Health Insurance
