Explains Medicare premium for Social Security Disability Income (SSDI) beneficiaries. Two component of Medicare; Qualifies Medicare Beneficiaries (QMB) program; Eligibility for the QMB program; Specified Low-Income Medicare Beneficiary (SLMB) as an expansion of the QMB program; Contact information....
Retirement plans: Small business owners can deduct contributions made to their employees’ retirement plans, such as a 401(k) or a SEP IRA. Health insurance premiums: If you are self-employed and pay for your health insurance premiums, you can deduct those premiums on your tax return. Depreci...
If you keep all or part of the security deposit because the tenant damaged the rental property, include the amount you keep in your taxable income for that year if you deduct the cost of repairing the damage as an expense (see below). On the other hand, if you use the deposit to ...
For example, if your business is asole proprietorship, you can hire your spouse as a paid employee. Their income will be subject to federal income tax andFederal Insurance Contributions Act (FICA)taxes for Social Security and Medicare but not tofederal unemployment tax (FUTA), as long...