Get Irs 8889 2014

Filling out the IRS 8889 form is essential for reporting contributions and distributions related to Health Savings Accounts (HSAs). This guide provides step-by-step instructions to help users effectively complete the form online.

Follow the steps to successfully complete the IRS 8889 form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering your name and social security number as indicated at the top of the form. Ensure this matches the information on your Form 1040 or Form 1040NR.
3. Complete Part I, which focuses on HSA contributions and deductions. If you and your partner are filing jointly and have separate HSAs, make sure to fill out a separate Part I for each individual.
4. In line 1, check the box confirming your coverage under a high-deductible health plan (HDHP) for the relevant tax year.
5. In line 2, enter your HSA contributions made during the year. Remember to only include contributions you made directly and not those from your employer.
6. For line 3, if you were under 55 years old at the end of the year, enter $3,300 for individual coverage and $6,550 for family coverage. Refer to instructions for other scenarios.
7. Continue through the HSA contributions section by completing lines 4 through 13, ensuring to follow the instructions provided for any specific amounts related to Archer MSAs if applicable.
8. Navigate to Part II for HSA distributions. Similarly, if filing jointly, complete separate sections for each spouse.
9. In line 14a, list total distributions you received from all HSAs for the year, and complete lines 14b and 14c as instructed.
10. Finish Part II by completing lines 15 and 16 regarding qualified medical expenses and taxable HSA distributions.
11. Proceed to Part III if applicable, which deals with income and additional tax if you did not maintain HDHP coverage. Fill in all related fields according to the instructions.
12. Once all sections of the form are completed, review your entries for accuracy. After verifying your information, you can save changes, download, print, or share your completed form.

Start filling out your IRS 8889 form online now for a smooth filing process.