Take advantage of tax savings
Are you self-employed and pay for your family’s health care premiums and out-of-pocket health expenses? Or are you a small-business owner with one or more employees, including family members?
Are you one of the many not making these health care expenses 100% deductible from your taxes?
If you answered yes to any of these questions, then you could benefit from the BASE Section 105 HRA tax program.
Code Section 105 of the Internal Revenue Code allows small-business owners the opportunity to deduct these expenses as a business deduction, making them 100% deductible for savings on your federal tax, state tax and self-employment tax.
Terry Harrington, president of BASE, explains, “There should never be a time that someone is purchasing health care that they can’t figure out some way to be able to take advantage of and...
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