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Form 8889 Part Ii Instructions Part one of IRS Form 8889 is used to determine your contribution limit and whether your contributions were pretax or See further instructions here if you had a qualified

How to fill out form 8889 part ii

How to fill out form 8889 part ii

1. To fill out Form 8889 Part II, follow these steps:
2. Start by entering your name, social security number, and employer identification number in the appropriate boxes at the top of the form.
3. Next, fill in the total amount of distributions from your health savings account (HSA) in Box 14a.
4. If you had any qualified medical expenses paid from your HSA during the year, enter the total amount in Box 15.
5. Subtract the amount in Box 15 from the amount in Box 14a and enter the result in Box 16.
6. If you contribute to more than one HSA, list the accounts and the total contributions for each account in Part III.
7. Determine your excess contributions, if any, by subtracting the combined limit from your total contributions in Box 18.
8. Enter any excess contributions from previous years in Box 19. If you had any distributions from the excess contributions, enter them in Box 20.
9. Calculate the total amount of your excess contributions and earnings on those contributions in Box 21.
10. If you have any additional tax on excess contributions, enter it in Box 22.
11. Finally, provide your signature and the date at the bottom of the form.
12. Make sure to double-check all the information before submitting the form.

Who needs form 8889 part ii?

1. Form 8889 Part II is needed by individuals who have a health savings account (HSA) and have had distributions or made contributions to their HSA during the tax year.
2. It is also required for individuals who have excess contributions to their HSA and need to report and calculate any additional tax on those contributions.
3. If you meet any of these criteria, you will need to fill out Form 8889 Part II when filing your tax return.

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What is form 8889 part ii?

Form 8889 part ii is used to report contributions to Health Savings Accounts (HSAs) made by an employee and employer.

Who is required to file form 8889 part ii?

Individuals who have contributed to an HSA or have had contributions made on their behalf, as well as employers who make contributions to HSAs for their employees, are required to file form 8889 part ii.

How to fill out form 8889 part ii?

Form 8889 part ii should be filled out by entering the relevant information about HSA contributions, distributions, and tax liabilities as instructed on the form.

What is the purpose of form 8889 part ii?

The purpose of form 8889 part ii is to report contributions to HSAs, track HSA balances, and determine any tax liability or penalties related to HSA contributions and distributions.

What information must be reported on form 8889 part ii?

Information such as HSA contributions, distributions, qualified medical expenses, and any penalties or taxes related to the HSA must be reported on form 8889 part ii.