Turn Your Medical Expenses
Into Business Deductions!!!
Are you writing off 100% of your prescriptions and doctor’s visits?
Are you writing off ANY of your medical expenses?
Most people cannot write off Medical Expenses because they must be more than 7.5% of your adjusted gross income in order to be deductible.
Visit our new site for more great information on Medical Expense Reimbursement Plans.
Let’s suppose 7.5% of your adjusted gross income is $4000. If your medical expenses totaled $4001, you would get a deduction of $1.
It doesn’t really sound fair, does it? Well it’s not.
But small business owners are fortunate in that they are able to write of 100% of their medical expenses if they set up a Medical Expense Reimbursement Plan.
This is a great example of how you can turn your personal expenses into business deductions!
This plan allows you to write off all of your expenses including co-pays, prescriptions, doctors visits, tests, x-rays, labs, glasses, contacts, hearing aids, special schools for the handicapped.
You are also able to write off braces & dental work, eye exams, laser eye surgery, acupuncture, chiropractors, guide dogs, mental & physical therapy, artificial limbs & teeth, TTY equipment, oxygen tanks, drug & alcohol treatment and any other qualified medical expense.
This plan can save you thousands of dollars in taxes every year! All you have to do is set up a Medical Expense Reimbursement Plan. Of course, as with any IRS program, there are specific stipulations to the plan and you have to make sure it is set up correctly and that you are following all the rules so that your deductions will not be disallowed.
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To learn more about MERPs and how they can save you money on your taxes, be sure to read chapter 6 of my ebook, “Pay Yourself Instead of Uncle Sam!” This book is essential for anyone who wants to save money on their taxes. Remember, the more you write off, the lower your taxes will be. So start using those medical expenses to lower your tax bill!
Just click the download button and start writing off every dime you spend in medical expenses as business deductions!
