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1. Self-employed? Deduct full health premium
Finally, self-employed people can write off 100 percent of their health insurance premiums (up from 70 percent in 2002).Note:
You can reap significant additional tax savings by making your spouse an employee of your sole proprietorship or single-member LLC and setting up a medical expense reimbursement plan. That strategy could let you deduct all your family's health costs (including uninsured expenses) on Schedule C, plus it could lower your self-employment tax bill.
U.S. workers have stayed put, waiting out the recession. Now, 40 percent of workers plan to change jobs this year, according to a Careerbuilder.com survey. Some tips to lure the best:
Between Feb. 1 and April 30, many U.S. employers must post a summary of the number of job-related injuries and illnesses that occurred in their workplace last year (OSHA Form 300A, not the complete Form 300 log).
With the economic upsurge generating more hiring, it may become a "buyer's market" again. So you'll need to show your best cards to win the star applicants.
More companies now offer retention bonuses to rank-and-file workers, too, according to surveys by consultants WorldatWork and Lee Hecht Harrison.