|
#1
12-08-2005, 06:02 AM
| |||
| |||
 Re: self-employed, HSA contribution: rules? "thetaxdon" <thetaxdon[at]yahoo.com> wrote: - quote - > You can not take the HSA contribution as an expense on your
While we are at it - could someone explain what exactly is> sch C which would be a deduction against Self-Employment > Contributions Act (SECA) earnings. You can take the HSA > contribution as an adjustment on line 28(?). meant by "family health insurance" that can be used as an adjustment ? Is that health insurance that covers a non-working spouse. etc. ? << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
|
12-06-2005, 05:57 AM
| |||
| |||
| Re: self-employed, HSA contribution: rules? You can not take the HSA contribution as an expense on your sch C which would be a deduction against Self-Employment Contributions Act (SECA) earnings. You can take the HSA contribution as an adjustment on line 28(?). Don in Colorado << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
|
#-1
12-03-2005, 02:59 AM
| |||
| |||
| self-employed, HSA contribution: rules? I found the following at .. http://www.treas.gov/offices/public-...ributing.shtml - quote - > May a self-employed person contribute to an HSA on a pre-tax basis?
I'm not sure of the definitions.> No. Self-employed persons may not contribute to an HSA on a pre-tax > basis and may not take the amount of their HSA contribution as a > deduction for SECA purposes. However, they may contribute to an HSA > with after-tax dollars and take the above-the-line deduction. Does "not on .. pre-tax basis" just mean that I can't treat the HSA contribution as a business expense? Does "after-tax dollars" mean "after SECA"? More the point, as a self-employed person, I can take the 1040 "HSA contribution" adjustment (line 28), yes? Thanks, George << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
| Tags |
| contribution, hsa, rules, selfemployed |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Defined contribution rules aristotle: I was told the government requires a minimum 5 year commitment to a defined contribution plan. My income will be substantial for the next few... | Taxes | 5 | 08-15-2004 06:51 PM | |
| IRA Rules J. Register: I need some input on a proposed transaction involving a self-directed IRA that is being promoted by a consulting firm. An LLC is established to... | Taxes | 1 | 06-09-2004 05:59 AM | |
| 401k contribution limit-- does employer contribution count? Barney G: Does the matching contribution to my 401k by my employer count towards the $13,000 limit for 2004? I know it counts towards the 25% of salary... | Taxes | 4 | 02-24-2004 08:52 AM | |
| both employed and self-employed use of home etc. Ilana: Been a long time since I posted here! Anyway, I have a question. I'm employed (W2) part-time and telecommute 100% of the time (the company is 350... | Taxes | 3 | 02-23-2004 05:20 PM | |
| At Risk Rules Michelle Kapp: On the bottom of schedule C we have to check the at risk box to determine if our loss can be used against our other w-2 income on our 1040. This... | Taxes | 3 | 01-13-2004 05:06 PM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
