Form 8889 is completed with a Form 1040 (US Individual Income Tax Return) to report contributions and distributions to a health savings account (HSA). This sample video covers a Form 8889 tutorial for the 2023 tax year.
Form 8889 is filed with Form 1040 to report contributions and distributions with a health savings account (HSA). This tutorial covers how to report taxable distributions from an HSA that were not used for qualified medical expenses.
If an individual makes a contribution to their health savings account (HSA) during the tax year, they are generally allowed a tax deduction for the contribution. This article demonstrates how to record those amounts in TurboTax.
The IRS increases the amount of eligible HSA contributions for tax year 2023. This article covers the increases from 2022 to 2023 for both family coverage and self-only coverage.
U.S. taxpayers may be able to deduct their unreimbursed medical expenses if they itemize their tax deductions. This article and video discusses those rules and how to report them on Schedule A.
When individuals make contributions to their HSA they have to report those amounts on Form 8889 and include it with their Form 1040 tax return. This article and video cover the Form 8889 for the 2020 tax year.
