TAXMAN Posted February 15, 2013 Report Posted February 15, 2013 Did rule change that more than 5% owner shareholder on health insurance owed Fica and Med on this amount. I knew we had to put it in wages on W-2. to get it to come off front of 1040.????? Quote
Maribeth Posted February 15, 2013 Report Posted February 15, 2013 S corp shareholders' medical premiums are not subject to FICA/MC, only income tax. It is reported on the W-2 and then deducted on Page 1. Maribeth Quote
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