rfahey Posted February 17, 2011 Posted February 17, 2011 Clients who are self employed ( Schedule C or K-1 ) can now deduct health insurance premiums for computation of their self employment taxes. How does this impact the calculation of "pension income" for their 401K plan ? In the pasy you subtracted one half of their SE tax as well as the employer plan contribution to arrive at "net pension income" to do your plan contribution calculation. THanks !
12AX7 Posted February 17, 2011 Posted February 17, 2011 Take a look at these links: http://www.relius.net/News/TechnicalUpdates.aspx?ID=555 http://www.relius.net/News/TechnicalUpdates.aspx?ID=557
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