Get Irs 8889 2017

This guide provides a comprehensive overview of how to fill out the IRS Form 8889 online, which is essential for reporting Health Savings Account (HSA) contributions and distributions. Whether you are new to this form or looking for clarification on specific sections, this guide will walk you through each step with clear instructions.

Follow the steps to successfully complete your IRS 8889 online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by filling out your name(s) as shown on Form 1040 or Form 1040NR, along with your social security number. If both you and your partner have separate HSAs, ensure you complete separate sections as required.
3. In Part I, check the box confirming your coverage under a high-deductible health plan (HDHP) for the tax year. Provide the contributions you made to your HSA for the tax year in the corresponding field, excluding any employer contributions or rollovers.
4. If you and your partner each maintain separate HSAs and had family coverage during the year, be prepared to enter separate amounts for your contributions in line 3.
5. Proceed to complete lines regarding any contributions made to Archer MSAs from Form 8853. Ensure you accurately subtract these contributions when calculating your deduction.
6. Include any employer contributions made to your HSA for the relevant tax year in the designated section.
7. Among the final lines in Part I, calculate the HSA deduction and ensure this is reflected correctly on your Form 1040 or 1040NR.
8. Switch to Part II to report HSA distributions. Total any distributions received throughout the year and make note of any amounts rolled over.
9. Identify any distributions used for qualified medical expenses and calculate the taxable distributions accordingly.
10. Complete Part III if applicable, reporting any relevant income and additional taxes associated with failures to maintain HDHP coverage.
11. Once all sections are filled accurately, review the entire form for completeness and correctness.
12. Finally, save your changes, and you may choose to download, print, or share your completed Form 8889 as needed.

Start completing your IRS 8889 online today to ensure all your HSA contributions and distributions are accurately reported.