Originally posted by trdrmac
Hey Don, welcome back. Hope you're doing well!!![]()
For self employed traders it is well worth looking at the Medical Savings Account Rules. The rub like everything is are you self employed and a trader, but that aside. It looks like 60% of your premiums are deductible, not subject to 7.5% of AGI and if you elect a deductible of 1200-2500 you can deposit that money into a Medical Savings Account and make tax free withdrawals for meds and co-pays and things like that.
I looked at this for a buddy in a separate business and it really looks attractive as a tax savings vehicle.
