• NASE Continues Push for Elimination of Self-Employment Tax on Health Premiums

• NASE Receives Advisory Council Applications

NASE Continues Push for Elimination of Self-Employment Tax on Health Premiums

Thanks in large part to the efforts of NASE Members, co-sponsorship for the top NASE legislative priority – eliminating the self-employment tax on health insurance premiums – is up to 44 Members of Congress. Congresswomen Marilyn Musgrave (CO) and Marcy Kaptur (OH) are the two most recent supporters of the legislation.

The Self-Employed Health Care Affordability Act, H.R. 1873, would let the self-employed deduct the cost of health insurance as an ordinary business expense on their Schedule C tax form. Right now, sole proprietors are the only business entities that are not able to completely deduct these costs, and pay an additional tax on them.

As its top legislative priority, the NASE continues to educate Members of Congress on this inequity. By bringing personalized stories from NASE Members on how the cost of health insurance – including the additional payment of self-employment tax – negatively affects their business, the NASE has been able to put a real face on a complicated tax issue. When Members of Congress hear how one of their constituents could better reinvest their money rather than paying an extra tax, they are more likely to support the legislation.

That’s why the NASE needs your help. You may receive an email from grassroots1873@nase.org, asking for your help in illustrating how this one deduction could aid the self-employed across the country. The NASE urges you to respond to these emails. And even if you do not receive the email, you can go to the NASE Legislative Action Center and “Tell Your Story” to the NASE about the high cost of insurance premiums and how it affects your business.

Just a few constituents like you can make the difference. Help the NASE eliminate the payment of self-employment tax on health insurance premiums.

NASE Receives Advisory Council Applications

A big “thank you!” to the NASE Members who applied for the next Women’s Advisory Council. Many qualified, enthusiastic micro-business owners offered their expertise to the program, entering its second year. The NASE is reading through the applications now, and plans to have the Council chosen by mid-April.

Keep updated on the Council’s activities at www.nase.org.