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IRS Form 8889 Instructions 2013 free printable template

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Department of the Treasury Internal Revenue Service Instructions for Form 8889 Health Savings Accounts HSAs Section references are to the Internal Revenue Code unless otherwise noted. Future Developments For the latest information about developments related to Form 8889 and its instructions such as legislation enacted after they were published go to www.irs.gov/form8889. General Instructions Purpose of Form Use Form 8889 to Report health savings ...
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How to fill out IRS Form 8889 Instructions

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How to fill out IRS Form 8889 Instructions

01
Obtain IRS Form 8889 from the IRS website or a tax preparation service.
02
Fill out Part I: Report Health Savings Account (HSA) contributions for the year.
03
Complete Part II for distributions taken from the HSA, reporting them accurately.
04
If applicable, fill out Part III for any HSA transactions that require additional tax calculations.
05
Transfer the totals from Form 8889 to the appropriate sections of your main tax return (Form 1040).
06
Double-check all entries for accuracy before submission.

Who needs IRS Form 8889 Instructions?

01
Any individual who is an account holder of a Health Savings Account (HSA).
02
Taxpayers who made contributions to an HSA during the tax year.
03
Individuals who took distributions from their HSA for qualified medical expenses.
04
People who received any HSA funding distributions from an employer or another source.
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Testing period. If you fail to remain an eligible individual during the testing period, for reasons other than death or becoming disabled, you will have to include in income the total contributions made to your HSA that wouldn't have been made except for the last-month rule.
File Form 8889 to: Report health savings account (HSA) contributions (including those made on your behalf and employer contributions).
If, during the tax year, you are the beneficiary of two or more HSAs or you are a beneficiary of an HSA and you have your own HSA, you must complete a separate Form 8889 for each HSA.
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.
Last-month rule. If you are an eligible individual on the first day of the last month of your tax year (December 1 for most taxpayers), you are considered to be an eligible individual for the entire year, so long as you remain an eligible individual during the testing period as discussed below.

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IRS Form 8889 Instructions provide guidance on how to complete Form 8889, which is used to report health savings account (HSA) contributions, distributions, and deductions.
Individuals who have a health savings account (HSA) and who made contributions to or received distributions from that account during the tax year are required to file IRS Form 8889.
To fill out IRS Form 8889, taxpayers should provide information on contributions made to the HSA, distributions taken from the account, and any required adjustments for the tax year as outlined in the instructions.
The purpose of IRS Form 8889 Instructions is to guide taxpayers in accurately reporting HSA-related transactions and ensuring compliance with tax regulations.
The information that must be reported on IRS Form 8889 includes total HSA contributions, distributions from the HSA, any excess contributions, and information regarding qualified medical expenses.
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