Get Irs 8889 2024-2025

Filling out the IRS 8889 form is essential for reporting contributions and distributions related to Health Savings Accounts (HSAs). This guide will provide clear, step-by-step instructions to help you complete the form accurately and efficiently online.

Follow the steps to successfully fill out the IRS 8889 online.

1. Click the ‘Get Form’ button to obtain the IRS 8889 form and open it in your online editor.
2. Begin with Part I for HSA Contributions and Deductions. If filing jointly and both you and your partner have separate HSAs, complete a separate Part I for each.
3. In line 1, check the box indicating your coverage under a high-deductible health plan (HDHP) during 2024.
4. In line 2, enter the HSA contributions you made for 2024, including those made by the due date of your tax return, excluding employer contributions.
5. For line 3, if under age 55 at the end of 2024, enter $4,150 (or $8,300 for family coverage) only if eligible throughout the year.
6. In line 4, enter contributions made to your Archer MSAs for 2024 from Form 8853, if applicable, including any contribution amounts related to your spouse.
7. Subtract line 4 from line 3 and enter the result in line 5. If zero or less, enter -0-.
8. For line 6, if applicable, enter your additional contribution amount if you are age 55 or older at the end of 2024 and had family coverage.
9. Add lines 6 and 7 and enter the result in line 8. Then report the total employer contributions for 2024 in line 9.
10. Enter any qualified HSA funding distributions in line 10 and combine lines 9 and 10 in line 11.
11. Subtract line 11 from line 8 and enter the resulting amount in line 12 as your HSA deduction.
12. Proceed to Part II to report HSA Distributions. If both you and your partner have separate HSAs, complete a separate Part II for each.
13. Enter total distributions in line 14a, rolling over amounts in line 14b, and subtract these results in line 14c.
14. Enter qualified medical expenses paid using HSA distributions in line 15, and then calculate taxable HSA distributions in line 16.
15. If any of the distributions meet exceptions to the Additional 20% Tax, check the box in line 17a.
16. Finally, for Part III, report any income and additional tax for failure to maintain HDHP coverage, completing additional calculations and checking appropriate boxes.
17. After ensuring accuracy, save your changes, download a copy, or print the form for submission.

Complete your IRS 8889 form online today to ensure accurate reporting of your health savings account transactions.