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How are contributions treated for partners in a partnership or limited liability company (LLC)?

April 26, 2017contributions limited liability company LLC partners partnership treated

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How are contributions treated for partners in a partnership or limited liability company (LLC)?

4 Answers

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Partners in a partnership or LLC cannot make pre-tax contributions to their HSAs through the partnership by salary reduction. However, they can make their own personal contributions to their HSAs and take the “above-the-line” deduction on their personal income taxes.

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A. Partners in a partnership or LLC cannot make pre-tax contributions to their HSAs through the partnership by salary reduction. However, they can make their own personal contributions to their HSAs and take the “above-the-line” deduction on their personal income taxes.

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10 Posted

Partners in a partnership or LLC cannot make pre-tax contributions to their Health Savings Accounts through the partnership by salary reduction. However, they can make their own personal contributions to their Health Savings Accounts and take the “above-the-line” deduction on their personal income taxes.

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Posted

Partners in a partnership or LLC cannot make pre-tax contributions to their HSAs through thepartnership by salary reduction. However, they can make their own personal contributions totheir HSAs and take the “above-the-line” deduction on their personal income taxes.