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When must a VEBA be adopted? Is a contribution to a VEBA adopted on the last day of the taxable year fully deductible?

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When must a VEBA be adopted? Is a contribution to a VEBA adopted on the last day of the taxable year fully deductible?

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Yes. If you have executed the VEBA Adoption Agreement, appointed a Plan Committee, and followed other procedural requirements mandated by the IRS before year end, then contributions are fully deductible.

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