“Own a Business with an HRA?
You’ve Got Form 720 to File on July 31″
To get my complete article
with all the details…
If you use a Health Reimbursement Arrangement (HRA) like a 105-HRA, QSEHRA, or ICHRA to deduct medical costs and cover employee health benefits—great news! You’re doing right for your workers and maximizing tax savings.
But here’s the catch:
Each year, you must file IRS Form 720 and pay the PCORI fee. It’s a small amount (as little as $3.47 per employee), but skipping it could bring IRS attention you don’t want.
Most business owners don’t realize this about the PCORI:
- Spouses-only plans have to file
- The fee is tax-deductible
- You can file it yourself—easily
Deadline to file: July 31, 2025, for 2024 calendar-year plans.
Read this article to learn why and how to pay the PCORI fee
“Pay Your PCORI Fee
If You Have a 105-HRA, QSEHRA, or ICHRA”