In what way(s) can health care costs potentially provide an income tax benefit?

Question

Quizplus · Accepted Answer

Health care costs can potentially provide an income tax benefit through a Flexible Spending Arrangement (FSA) or Health Savings Account (HSA) through an employer, itemizing deductions for health expenditures on your tax return, and self-employed people being able to write off a portion of their premium as a business expense. All of these options can result in a reduction in taxable income and provide a tax benefit.

In What Way(s) Can Health Care Costs Potentially Provide an Income