Dang, I hate to do it, but youse guys are one of the best advice resources a body could have. I've kept up with tax laws regarding the self-employed for a couple of years now, but I've fallen behind in understanding of how new regulations affect the "permanently" employed. Now I'm mulling over taking a "direct" position with a small consulting company, but I'd still have to pay my own medical insurace premiums . . . at least for a while. If I contract with them I know I can continue to take a huge deduction for the premiums (premiums close to $12,000 per year for my family and me). But if I go direct I THINK the deduction disappears. Am I right?
Fiscally yours, 'Sporky'