Have a Tax Question? Ask a Tax Expert
Thank you for your question
Unfortunately if you are a 2% (or higher) shareholderin a S Corp, a partner in a formal business partnership, or otherwise self employed, then you can't contribute pre-tax contributions to your HSA because in this case you are essentially your own employer. For technical details, you can check out IRS Notice 2005-8.
I truly hope this information is helpful but please do not rate until you are satisfied. If you want to click on 1 or 2 just click on the continue to work with me button instead. You will then be able to add any other info or respond to what I have posted so far. Rating 3-5 gives me credit and a good rating but you can still converse with me.
Lane, 100% owner of a C Corp. Does that change your answer? I'd like to deduct from the C Corp, not the individual return.