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Tax Deductibility Example for Health & Dental Plan


Did you know...
because you're self-employed, your health and dental plan could essentially pay for itself.


If you're self-employed or are an employee of your own business, health and dental premiums may be a non-taxable benefit and a tax deductible expense. For others, the premiums may qualify as a medical expense and create a tax credit.


Here's how:

Health and Dental Plan Annual Premium:


Tax deduction assuming 40% marginal rate


Total Net Cost


Saved Annual Expenses (paid through health & dental plan)

Prescription Drug costs


Dental costs


Contact lenses


Chiropractor/Registered Massage Therapist


Total Expenses


Your Cost


The above is for illustrative purposes only and is not meant to be representative of every situation. You should seek the advice of a professional to determine your eligibility for tax deductions.





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