Hello!
I am a sole owner/employee of my S corp. Am I able to include my HSA contributions as compensation? So I'm looking at deducting the contributions as an S corp expense, adding it to my compensation in box 1 of my W2, then deducting it again in Schedule 1 of the 1040. It'll probably save me a couple hundred bucks in Medicare taxes. It looks like a correct way to do it, but I'd appreciate some input.
Thanks!
I am a sole owner/employee of my S corp. Am I able to include my HSA contributions as compensation? So I'm looking at deducting the contributions as an S corp expense, adding it to my compensation in box 1 of my W2, then deducting it again in Schedule 1 of the 1040. It'll probably save me a couple hundred bucks in Medicare taxes. It looks like a correct way to do it, but I'd appreciate some input.
Thanks!
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