Biz Write-Offs LogoBiz Write-Offs

Group health insurance for employees

Varies

Can You Write Off Group Health Insurance for Employees?

Short answer: Yes: premiums you pay for employee health coverage are deductible and tax-free to employees.

Small employers may qualify for the small business health care tax credit.

Records to keep: Keep receipts or invoices, proof of payment, and a short note of the business purpose.