O'Reilly logo

Tax Strategies for the Small Business Owner: Reduce Your Taxes and Fatten Your Profits by Russell Fox

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Image

Medical Expenses

He’s the best physician that knows the worthlessness of the most medicines.

—Benjamin Franklin

The cost of medical care and health insurance has ballooned over the last several years. The passage of the Affordable Care Act has put these issues into flux.

This chapter explores the tax impact of medical expenses: What can be deducted and how to deduct it. There are tax advantaged plans available for the small business owner; these are examined with the rules and restrictions noted. Finally, the effects of the Affordable Care Act on medical expenses for the small business owner are explored.

The Affordable Care Act

I am certain ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required