S-corp owner healthcare premium deduction up to medicare wage or Box1 of W2?
I am 100% owner of an S-corp. My W2 Box 1 wage amount ($10,000) is significantly lower than my Medicare/Social security wage ($22,000) since I contribute to a self-employed 401k plan. I have paid $15,000 in healthcare premium total for the year. Can I only deduct up to 10K for the self-employed health insurance premium deduction or could I deduct up to 15K (since it is under 40K medicare wage limit)? I cannot find any clear documentation for this, except you can deduct up to your S-corp wage amount for this. But which wage - Box 1 in my W2 or Box 5 (Medicare wage)?