Here's To Your Health
Your source for small-business news, reviews, trends and troubleshooting.
Good news is on the horizon for the self-employed: The deductibility of health-insurance costs--which are at a marginal 40 percent for 1997--will gradually increase over the next 10 years, and will be 100-percent deductible by the year 2007. These changes are brought to you courtesy of the Taxpayer Relief Act of 1997, which President Clinton signed into law on August 5.
"This is the first major tax cut in 16 years, but the new tax act is extremely complex, with numerous technical and complicated provisions," says Ed Slott, a CPA in Rockville Centre, New York, and author of Your Tax Questions Answered (Plymouth Press, $9.95, 800-350-1007), which answers 171 of the most commonly asked tax questions.
Continue reading this article - and everything on Entrepreneur!
We make some of our best content available to Entrepreneur subscribers only. Become a subscriber for just $5 to get an ad-free experience, exclusive access to premium content like this, and unlock special discounts.
Entrepreneur Editors' Picks
-
Crypto Doesn't Have to Be Serious. Just Ask This Comedian Who Organized a Conference About Failure in the Industry.
-
Want to Succeed? Turn Your Fixed Mindset Into a Growth Mindset.
-
Google's CEO Is Asking Employees 3 Simple Questions to Boost Productivity
-
'Greatest Storyteller Wins.' Katy Perry on the Surprising Link Between Pop Stardom and Entrepreneurship.
-
How to Unleash Your Creativity and Transform Your Marketing Strategy
-
The 5 Personalities You Meet in a Coworking Space
-
'Man's Best Friend' — and Investment: The Thriving Industry of Pet-Related Franchising
