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To: sitetest

"However, we just started a plan with an HSA component, and as the owner, I don't get the deduction for contributions to my own Health Savings Account (although, of course, my business gets a deduction for contributions to my workers' accounts)."

Here's some good news for a Saturday. I could double check when I'm back in the office but you get the deduction on your return. The company will pass it on to you as income and then you get the full deduction on your return. In the end it's semantics. Not many folks understand these things yet but I believe all you miss is the instant gratification.


85 posted on 01/20/2007 3:19:01 PM PST by Bogeygolfer
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To: Bogeygolfer

Dear Bogeygolfer,

"Here's some good news for a Saturday. I could double check when I'm back in the office but you get the deduction on your return."

Well, I'll have to check with my accountant, but my insurance agent, who also owns his own small insurance brokerage, assured me that I don't get and tax deductibility for the funding of my HSA.


sitetest


87 posted on 01/20/2007 3:49:42 PM PST by sitetest (If Roe is not overturned, no unborn child will ever be protected in law.)
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