To maximize your spending, consider buying used or factory reconditioned models, utilizing a discount directly from Apple, shopping at tax-free authorized retailers, buying inexpensive Macs on eBay, or trading in your old system for a Mac.
If you no longer need the life insurance death benefit, or if you have a need for cash for any reason, you can withdraw any dividends that have accumulated within the policy, tax-free.
While enrolled in this program, employees can have a portion of their pay placed in a tax-free account that can be used to reimburse the employee for uncovered medical expenses.
The use tax makes that tax-free purchases made outside of a consumer's taxable jurisdiction subject to a separate fee reflecting the amount that would have otherwise been taxed.
You'll also be able to put tax-free money into a Health Savings Account (HSA) or a Health Reimbursement Arrangement (HRA) that you can use to pay for your medical expenses.
Finally, oftentimes a health savings account can be put aside, tax-free, to cover any medical expenses you might incur while you are covered under an insurance provider.
For homeowners who are sixty-two years or older, a reversible or reverse mortgage allows the homeowner to convert a portion of equity into tax-free income.
If you don't use the money that accumulates (with tax-free interest) in the investment account for medical care, you can withdraw it for other purposes.
While you cannot deduct contributions from your taxes, once you have met the withdrawal requirements, you can receive qualified distributions tax-free.
Contributions made to a Roth IRA are not tax deductible, but the Roth IRA offers tax-free growth, so you don't owe tax when you make withdrawals.