Hi ,
Self-Employed Can Deduct Health Insurance
I was doing my taxes for 2011 and was astonished to see on TurboTax that I could deduct my health-care premiums. I am self-employed, make a profit, and use the standard deductions; I do not itemize medical costs. Is this really correct? If so, can I amend my 2010 returns to also deduct my premiums for that year?
This question was asked by B.C., Salinas, Californiaof Karen Klein from Bloomberg Businessweek. The answer may surprise you as well as several other deductions. Read the full article at Bloomfield Businessweek.
Mike
Clough
State Director
MainStreetChamber™ Minnesota
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Expansion 2012
Richmond, VA
President, John Couser
John Couser came from humble beginnings growing up in the state of Maryland and graduating from the Maryland school system. While volunteering for the city of Baltimore he recognized that knowledge, passion, and taking the initiative are the keys to success. Mr. Couser values family, and has a strong drive for success. After receiving several certifications from the U.S small business administration on helping small businesses succeed, John realized that his mission was to help small businesses get the exposure they deserve. Now as President of the Richmond chapter for MainSreetChamber, John will become a driving force in getting local businesses connected to consumers.
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San Gabriel Valley, CA
President, Diane Traw
Diane Traw always had an Entrepreneurial Spirit. As a child creating & selling jewelry from collecting beach shells while on vacation, and inventing a neighborhood kids 'Air-Band', Koolaide Kids, playing concerts for family & neighbors.
In High School Diane would sit and talk for hours with schoolmate Tony Robbins. Their topics always revolved around Motivation & Business Ventures. Thus, the opening of a family sporting goods store, which she also ran scuba diving thru. Currently, co-owner of a Christmas Lighting business with her husband.
For the past 25 years, Diane’s professional background consisted of Sales, Promotions, Graphic Design, Advertising and Marketing. Her passion these days is directed towards helping local businesses thrive by providing Marketing Concepts and Products that fit their needs....supplied by someone they can Trust! Her business is BroadScope Marketing & Media.
“I ALSO BELIEVE IN THE POWER OF NETWORKING! The success of bringing together the right people that compliment each other either in Business or Spirit...is a true Reward. I look forward to working with the business community to help develop and grow their business!” Diane stated.
Diane is married to Randall Traw, has a daughter K-Tea at CSUMB and son Bob in USAF! Her interests include; bike riding, kayaking, working out, music, socializing and American Idol!
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