Q: My husband and I have an s-corp in CA and we are the only officers in our s-corp.
Are our medical expenses considered business expense and can be deductible for the s-corp?
A: No, not the expenses. Premiums are deductible.
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A:
I agree with Attorney Blackburn that the premiums may be deducted. The expenses may be deductible as compensation to the recipient. However, this is not advised because they become subject to payroll taxes at both the company and individual level. This treatment may be more helpful when there are additional officers / owners.
Since you two are the only owners, those expenses CAN be deducted, but SHOULDN'T be.
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