Fast Forward - AP8/26 - Health Spending Account (HSA) for Business Owners

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Using Corporate Dollars for Personal Health Expenses When it comes to money, business owners follow a simple rule: Only take out what you need. Because every extra dollar withdrawn becomes subject to higher personal tax rates. But when personal health expenses arise, extra money has to be pulled out because part of it is lost to taxes. In this discussion, we look at a different way to handle that. A structure where the corporation is able to reimburse the personal expense avoiding personal taxes while the business also gets a deduction. Same expense. Different way of accessing capital.