Webvynm2 • 4 min. ago. Form 8889 isn't something you get from someone else, it's a form that you have to complete as part of your tax return. Search TT for that form and then answer the questions. If you took money out of the HSA during the year, you should have gotten a 1099-SA that will have income you need to complete Form 8889 in TT. WebForm 8889 2024 Health Savings Accounts (HSAs) Department of the Treasury Internal Revenue Service Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Form8889 …
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WebJan 29, 2024 · On Line 20, you’ll complete the calculation to determine what contributions count as additional income and on Line 21, you’ll multiply that number by 10% to determine the additional tax penalty for which you’re responsible. Tax form 8889 is the document you submit to the IRS that determines what additional taxes you’ll have to pay. WebFeb 15, 2024 · Form 1095-B is provided by your insurance provider and indicates if you had insurance for you or your family members. Form 8889 is used to report information about your Health Savings Account. Please review your entries to see if you may have received a Form 1099-SA or entered information regarding your Health Savings Account. high end computers 2015
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WebJan 13, 2024 · Form 8889: Health Savings Account (HSA) is used to report HSA contributions, distributions, and withdrawals. We'll automatically fill out Form 8889 if you … WebTrue. Payments made to Luis for child care expenses can be claimed on Form 2441. True. Jenny can include her mother's contribution on Form 8889, Part 1, as long as her mother did not claim the contribution as a deduction on her own tax return. $1,000. Jenny can contribute an additional $1,000 to her HSA because she is age 55 or older. False. WebKeep in mind that if you withdraw money from your HSA and don't use it for qualified medical expenses, you'll have to pay income tax on that money. And if you're under 65, you'll probably also have to pay an additional 20% tax, which … how fast is a 50 knot wind