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Owner-ops: do you pay yourself a salary to save on taxes? LLC or C-Corp?

R/Trucker

Published:

Reading time: Less than 1 min.

My main thing is keeping my personal income low so my health insurance stay subsidized. It’s like $150 a month as long as I make like $45k a year or less. If I end up making more, then it goes up to $400 a month or higher and I have to pay it all back.

That’s what happened last year, I ended up making like $70k after all possible deductions, and ended up having to pay them back like almost 5K, ouch. Would like to avoid this on this year’s taxes…



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Atypical_Mammal

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