Form 8889 – the IRS tax form for Health Savings Accounts
Form 8889 is the IRS required tax filing for Health Savings Accounts. Most HSA holders will have to file it each year, including those who:
- Made contributions to an HSA
- Took distributions from an HSA
- Failed last year’s Testing Period for the Last Month Rule
- Acquired an interest in an HSA due to death of beneficiary
You will need a few things to file Form 8889:
- Form 5498-SA listing HSA contributions from your HSA custodian
- Form 1099-SA listing HSA distributions from your HSA custodian
- W2 from your employer if you had employer contributions
- Form 8889 and related instructions
HSA Form 8889 has three main parts:
- Part I – Contributions
- Part II – Distributions
- Part III – Taxes and Penalties
2016 Form 8889 – instructions and example
The most recent tax year available. Be sure to see this article for complete text surrounding our example for 2016 Form 8889. Otherwise, check out this video to get you started.
Watch on Youtube: 2016 HSA Form 8889 instructions and example
How to file Form 8889
This is a more generalized video for filing Form 8889 with emphasis on the completed example. However, you can definitely learn about how the form works, and see the supporting article here:
Watch on Youtube: How to File HSA Tax Form 8889
