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 Insurance Premium Tax IPT Exemption Form Bupa 2022

2022-2025 Form

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Instructions and help about Insurance Premium Tax IPT Exemption Form Bupa

if you're paying health insurance you need to make sure it is reported on your W-2 so you do not pay FICA taxes if you're watching this video and you're thinking look I've never done it this way but I'm still taking the health insurance deduction on my business taxes number one it is wrong and if you do get ordered it will be an ad back number two by doing that you're missing an additional deduction the reason IRS wants you to report it on a W-2 because any health insurance premiums that you pay for yourself for your spouse or your children are also exempt from FICA taxes make sure you speak to your Tax Advisor about this follow me for more tax strategy

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