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
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