If your child is attending a special needs school, you’re facing some serious financial challenges.
But Uncle Sam can offer you some help.
You see, tax law lets you deduct tuition, medical expenses, and more.
The only catch? You need to know which expenses qualify and the right way to deduct them.
We’ll provide all the necessary information when you read my new article titled Tax Tips: Special Needs Education Can Qualify as a Business Expense—Here’s How!
Three ways our fact-filled article can help you:
- You’ll learn why a Health Reimbursement Arrangement (HRA) should be your first choice. Itemizing medical deductions on a Form 1040 is not the way to go! The smart move is to create a one-employee 105-HRA that’s exempt from the Affordable Care Act. All will be explained when you read the full article.
- We’ll tell you the requirements you have to meet. The 105-HRA plan is a one-employee plan. But if you work alone, you can make your spouse an employee and reap all the benefits of the 105-HRA. Are you single? You’ll learn how you can still qualify when you read the full article.
- We’ll tell you the good news about deductible expenses. Lawmakers are very generous when it comes to the educational expenses they let you write off as itemized deductions or reimburse as business expenses. We’ll list them for you when you read the full article.