The new health care law changes the requirements for deducting vitamins in your Section 105 medical reimbursement plan.
Want to download the most current sample plan as a Word document? It’s easy. You’ll find the link in our latest article titled Tax Tips: New Health Care Law Requires Strategy Change for Section 105 Vitamin Deduction.
Three ways our fact-filled article can help you:
- We’ll explain the new law for 105 plans quickly and clearly. It’s vitally important that you know what the new law states. We’ll lay it all out for you when you read the full article.
- Learn how the old law continues for Form 1040 itemized medical deductions. IMPORTANT: The 1040 medical deduction is different than the Section 105 plan deduction. We’ll explain the differences when you read the full article.
- We’ll give you hot tax planning tips. For vitamin and over-the-counter drug purchases made after December 31, 2010, think ahead to your next physical exam or other doctor’s appointment. Make a list of all vitamins and nonprescription drugs you take to cure, mitigate, treat, or prevent a disease or that affect a structure or function of your body. We’ll provide a list of 19 drugs to get you started when you read the full article.