How to Deduct Your Medical Bills Through Your Business (Section 105 Plan Explained)

Stop paying your medical bills with after-tax dollars You’re already paying for deductibles, prescriptions and co-pays. With the right setup, your business could pay you back for them, tax-free. In this episode, Mike Jesowshek, CPA, explains how a medical expense reimbursement plan (also called an owner HRA or Section 105 plan) can turn out-of-pocket medical costs into business deductions. He covers who qualifies, which entity types work for single and married owners, and the workaround...