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  • Irs 8889 2020

Get Irs 8889 2020

Cat. No. 37621P 14b 14c 17b Form 8889 2017 Page 2 Income and Additional Tax for Failure To Maintain HDHP Coverage. Form Department of the Treasury Internal Revenue Service OMB No* 1545-0074 Health Savings Accounts HSAs Attach to Form 1040 or Form 1040NR* Go to www*irs*gov/Form8889 for instructions and the latest information* Name s shown on Form 1040 or Form 1040NR Attachment Sequence No* 52 Social security number of HSA beneficiary. If both spouses have HSAs see instructions Before you begin Complete Form 8853 Archer MSAs and Long-Term Care Insurance Contracts if required* 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. Check the box to indicate your coverage under a high-deductible health plan HDHP during 2017 see instructions. from January 1 2018 through April 17 2018 that were for 2017. Do not include employer contribut....

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How to fill out the IRS 8889 online

This guide provides clear instructions for filling out Form 8889, which is used for Health Savings Accounts (HSAs). By following the steps outlined here, you will be able to complete the form efficiently and accurately.

Follow the steps to complete Form 8889 effectively.

  1. Click ‘Get Form’ button to access the document and open it in your preferred editing tool.
  2. Begin by listing the social security number of the HSA beneficiary in the designated field. If both you and your partner have HSAs, refer to the instructions for guidance.
  3. Enter your name(s) as shown on your Form 1040, 1040-SR, or 1040-NR. This identification is essential to connect your form with your tax return.
  4. Complete Part I concerning HSA contributions. Check the appropriate box indicating whether you had self-only or family coverage under a high-deductible health plan during the tax year.
  5. In subsequent fields, enter the total HSA contributions made for the tax year, ensuring you do not include employer contributions or certain other exceptions as stated in the instructions.
  6. Follow the calculations outlined in the form, including making relevant adjustments for amounts contributed to Archer MSAs if applicable, ensuring all mathematical operations are accurate.
  7. Proceed to Part II to report HSA distributions. Here, you will include the total distributions received and calculate any taxable amounts as outlined in various lines and instructions.
  8. Finally, review all provided information for accuracy, ensuring that each field has been completed according to the guidelines. You can then save your changes, download the form, print, or share it as necessary.

Complete your IRS 8889 form online today to ensure a smooth filing experience.

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Form 8889 is the IRS form that helps you to do the following: Report contributions to a Health Savings Account (HSA). Calculate your tax deduction from making HSA contributions. Report distributions you took from the HSA (hopefully for eligible medical expenses).

You must report all employer contributions (including an employee's contributions through a cafeteria plan) to an HSA in box 12 of Form W-2 with code W. Employer contributions to an HSA that are not excludable from the income of the employee also must be reported in boxes 1, 3, and 5.

Make sure your health insurance meets deductible limits and other requirements if you want to save money in a tax-advantaged HSA in 2019. ... You can contribute up to $3,500 to an HSA if you have single coverage or up to $7,000 for family coverage in 2019, which is slightly more than the 2018 limits.

Report health savings account (HSA) contributions (including those made on your behalf and employer contributions). Figure your HSA deduction. Report distributions from HSAs. Figure amounts you must include in income and additional tax you may owe if you fail to be an eligible individual.

IRS form 5498-SA shows the amount of money deposited into your HSA for the tax year. IRS form 8889 is the form you fill out and submit with your tax return.

Preparing Form 8889 You must always file a Form 8889 in any year you or an employer contributes money to your HSA or you make withdrawals from the account. The deduction you calculate on Form 8889 is taken on the first page of your income tax return.

The IRS requires you to prepare Form 8889 and attach it to your tax return when you take a distribution from an HSA. However, if your 1099-SA indicates you did not use the distribution for qualified medical expenses, you will pay income tax on the portion you used for unqualified expenses.

When you file, you'll need to include Form 8889 to report all contributions and withdrawals associated with your HSA in 2013. The form has a line for reporting your direct contributions to your HSA, and you'll carry that deduction to line 25 of your Form 1040.

File Form 8889 to: Report health savings account (HSA) contributions (including those made on your behalf and employer contributions). ... Report distributions from HSAs. Figure amounts you must include in income and additional tax you may owe if you fail to be an eligible individual.

How to enter an amount on Form 8889 line 15. Form 8889 line 15 will flow amounts from: The gross distributions of all Form 1099-SA Worksheets for which the HSA box is selected and the box stating that the "full amount in box 1 was used to pay qualified medical expenses..."

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
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