This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for IRS Form 8889 for the current year.
This document contains official instructions for IRS Form 8889 , Health Savings Accounts (Hsas) - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 8889 is available for download through this link.
Q: What is IRS Form 8889?
A: IRS Form 8889 is the form used to report contributions to and withdrawals from Health Savings Accounts (HSAs).
Q: What is a Health Savings Account (HSA)?
A: A Health Savings Account (HSA) is a tax-advantaged savings account that individuals can use to pay for qualified medical expenses.
Q: Who should use IRS Form 8889?
A: Individuals who have contributed to or made withdrawals from a Health Savings Account (HSA) during the tax year should use IRS Form 8889 to report those transactions.
Q: What information is required on IRS Form 8889?
A: IRS Form 8889 requires you to provide information about your HSA contributions, withdrawals, and any changes to your HSA during the tax year.
Q: How do I fill out IRS Form 8889?
A: To fill out IRS Form 8889, you will need to follow the instructions provided on the form and provide all required information about your HSA transactions.
Q: What are the deadlines for filing IRS Form 8889?
A: IRS Form 8889 must be filed along with your annual tax return by the deadline for filing your taxes, which is usually April 15th.
Q: What happens if I don't file IRS Form 8889?
A: If you are required to file IRS Form 8889 and fail to do so, you may face penalties or discrepancies in your tax return.
Q: Can I file IRS Form 8889 electronically?
A: Yes, you can file IRS Form 8889 electronically if you are using an electronic filing method.
Q: Are there any income limits for contributing to an HSA?
A: Yes, there are income limits for contributing to an HSA. You must have a high deductible health plan (HDHP) and meet certain income requirements to contribute to an HSA.
Instruction Details:
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