What if one of the biggest expenses in your family budget could also become one of your most powerful tax strategies?
In this episode, Barbara breaks down a little-known (and often misunderstood) tax strategy that can completely change how business owners pay for health, wellness, and family medical care: the Medical Expense Reimbursement Plan (MERP).
Most business owners are already spending tens of thousands of dollars each year on things like therapy, orthodontics, hormone testing, supplements, gym memberships, and medical care for their children, but they’re paying for all of it with after-tax dollars. This episode explains how, when structured correctly, a MERP allows your business to reimburse you tax-free for qualifying medical expenses, dramatically reducing your tax bill year after year.
You’ll learn why most CPAs have never heard of MERPs, why many business owners who think they have one are using it incorrectly, and how the tax code actually allows these reimbursements when the plan is properly set up and administered.
Tune in to hear:
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How To Get Involved:
Life-Changing Money is a podcast all about money. We share stories of how money has impacted and radically changed the lives of others—and how it can do the same for you.
Your host, Barbara Schreihans (pronounced ShREE-hands) is the founder and CEO of Your Tax Coach, and the creator of the Write Off Your Life Course. She is a top tax strategist, business coach, and expert in helping business owners and high-net-worth individuals save millions in taxes while increasing profits.
When she’s not leading her team, coaching clients, or dreaming up new goals for her company, you can find her drinking coffee, hanging out with her family, and traveling the world.
Grab a cup of coffee and become inspired as we hear from those who have overcome and are overcoming their self-limiting beliefs and money mindsets!
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