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@carolramirez694
6 ай бұрын
Amazing info!! Thank you so much, Navi!!!
@JerryM56
6 ай бұрын
One can continue to contribute to an HSA past age 65 until 6 months before enrollment in Medicare. (People who have "credible health insurance" through an employer may postpone Medicare enrollment without penalty after age 65.)
@JasonBuckman
4 ай бұрын
No, as soon as you are eligible for Medicare you cannot contribute to an HSA. You also have to sign up for Medicare Part A.
@calvinlipscomb3652
7 ай бұрын
Excellent!!
@user-py7wp6nw9h
8 ай бұрын
I am commenting while watching your video. I am at the very beginning of the video and I can tell you how I do it : My company pays for my insurance premiums, then registers it as a benefit to me, which is reported at tax time. On the other side I put the cash in the HSA, which is tax free. I suppose my company does not pay taxes of the benefit it gives me, but then that benefit is added to my W2 (doing S Corp) . Will I be correct? Let me watch the whole video
@Beijing131
7 ай бұрын
Sole proprietors can not deducted this on schedule C?
@user-py7wp6nw9h
8 ай бұрын
ok I watched you video. Great stuff. I did check my 2022 taxes on that line 17 on my 1040 is empty. As a matter of fact, going back to the prior years, I don't see anything on that line 17. I do see the HSA contribution amount for each year. SO i see the $3,600 that I put in HSA. But premium paid by my s corp , no, i don't see them listed. So I will ask my tax guy. Would it be something I would need to se up with my payroll company?
@dross0123
7 ай бұрын
If i am a SMLLC w/ S-corp tax election, do I follow the requirements for an LLC or an S-corp (e.g meeting minutes, etc.)?
@BrigitteBrodski
8 ай бұрын
if you're greater than 2% surgeries you can't take pre tax via payroll. you might want to make a correcting video
@NaviMarajCPA
8 ай бұрын
@BrigitteBrodski, read this and then let me know your thoughts: www.irs.gov/pub/irs-drop/n-05-08.pdf?fbclid=IwAR0gyZCACm0hdZcHPBaBoTd8BE5Qse1Bf5PjFSBngApsJFcBTYc6ryh79t8_aem_AZ2sbZqJdLG82MZe77oEZV9ysu7HX_hk4Do-GNVD5SCbaD4KgRoTlV7eB9XUg8V25xk Happy to have you as a viewer, but please be mindful when making statements like this in the comments, it really confuses taxpayers who read them.
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