Hello everyone! I am increasingly getting fed up with my job! After doing some calculations, I am seriously starting to see the point in giving up my job and becoming self employed. I am sure I would get plenty of work... But I am looking into other issues around this too. Health insurance is one of them. Would it be deductable from tax?
If you set up the insurance plan under your company name, you might just be able to. The condition is that you are self employed - and your deduction is not allowed to be of a higher value than your total earned income. In fact it would not only cover you but also your partner and children. If you at the same time qualify for a health plan of an employer, you lose the right to this deduction.
