HRA-105 Health Reimbursement Arrangement from the IRSGet expert guidance and support from TASC® regarding your Health Reimbursement Arrangement (HRA)A Section 105 Health Reimbursement Arrangement (or HRA-105) can save you thousands of dollars whether your business is a Sole-Proprietorship, Partnership, Corporation, or LLC. With the TASC® HRA, qualified business owners are able to take advantage of a sizeable tax savings by deducting up to 100% of qualifying medical expenses*. More often than not, these businesses only take the standard deduction offered on Form 1040 for their self-employed health insurance costs. I, through my company Monk and DBug, LLC, have saved an average of $5,600 each year with a TASC® HRA. Speaking first hand, I know it’s legitimate and a must for business owners. Below is a comparison of the tax savings without an HRA and what you could be saving with an HRA. See why you should not wait to begin maximizing your tax savings today!
* Insurance regulations may prohibit the reimbursement of health insurance premiums in your state. For additional details, please contact a TASC® Representative. ** Must exceed 7.5% of AGI. *** Assumes 15% Federal and 5% State. Click here to learn more about the HRA-105 Health Reimbursement Arrangement and start utilizing it today! Back to the top of this page: HRA Health Reimbursement Arrangement 105 Back to homepage: Download Construction Forms |
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