Health Insurance Tax Deductions Help Entrepreneurs

Small business owners have long bewailed the rising costs of health insurance for their employees. This has led to some businesses removing health benefits altogether, and suffering because they"re not able to attract the talent expecting decent health insurance coverage.
However, recent tax deduction incentives have encouraged some small business owners, and have somewhat eased the pain of increasing health insurance costs.
A recent study, released by the Office of Advocacy of the U.S. Small Business Administration, shows that the health insurance tax deductions for the self-employed has decreased the likelihood of entrepreneurial exit, 10.8 percent for single fliers and 64.9 percent for married fliers.
Affordable health insurance coverage continues to be an important issue for small businesses. It’s encouraging to note that deductions are available to businesses, and that tax initiatives such as these can continue to motivate the entrepreneurial force in the United States.