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March 29, 2023
Question

As an S corp owner, can I deduct marketplace health insurance premiums that were personally paid and NOT reimbursed by the S Corp (they are not reported on my W-2)?

  • March 29, 2023
  • 1 reply
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1 reply

March 29, 2023

No. Your S corporation must pay the premiums for you to get the deduction. If your purchase/pay for your policy yourself, you must have your S corporation reimburse you for the cost. 

The amount of the premiums must be included in your employee wages on your Form W-2, and you must include the amount as wages on your Form 1040.  The S-Corp deducts the cost as an expense.  

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