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Use Form 8889 to: Report health savings account (HSA) contributions (including those made on your behalf and employer contributions), Figure your HSA deduction, Report distributions from HSAs, and. Figure amounts you must include in income and additional tax you may owe if you fail to be an eligible individual.
Part I HSA Contributions and Deduction. See the instructions before completing this part. If you are filing jointly and both you and your spouse each have separate HSAs, complete a separate Part I for each spouse.
Instructions for Form 8889. Health Savings Accounts (HSAs) Section references are to the Internal Revenue Code unless otherwise noted. Future Developments. For the latest information about developments related to Form 8889 and its instructions, such as legislation enacted after they were published, go to IRS.gov/Form8889. What’s New.
28 sty 2021 · If you made contributions to or distributions from your HSA in 2020, you will need to file the federal tax form 8889. This form is specific and documents all of your HSA’s financial activity for 2020. It is an ancillary tax form that flows to Form 1040 to adjust your income: your contributions reduce your taxable income, whereas any penalties ...
Use the Form 8889 - Health Savings Accounts worksheet to calculate the Health Savings Account deduction that carries to Form 1040, Schedule 1, line 25. Also use this worksheet to calculate any taxable HSA distributions that carry to Form 1040, Schedule 1, Line 21.
11 wrz 2024 · How to complete and file IRS Form 8889; How health savings accounts work; Some frequently asked questions from taxpayers; Let’s start with a step by step walkthrough on how IRS Form 8889 works.
1 gru 2010 · View, download and print Instructions For 8889 - Health Savings Accounts - 2010 pdf template or form online. 14 Form 8889 Templates are collected for any of your needs.
