How to Complete IRS Form 8889 for Health Savings Accounts (HSA)
18.9 هزار بار بازدید -
3 سال پیش
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A U.S. taxpayer with a
A U.S. taxpayer with a high deductible insurance plan is allowed to open a Health Savings Account (HSA) to help cover some of their medical costs.
The appeal with an HSA is the contribution to the account is tax deductible (similar to a traditional IRA) even if you don't spend money in the current period on medical expenses.
Whether you make contributions personally or via your employer, you need to file Form 8889 to report contributions to the account and any distributions used for medical costs.
For a larger database of tutorials, please visit our website and search for your question:
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DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.
#IRS #Form8889 #HealthSavingsAccount
The appeal with an HSA is the contribution to the account is tax deductible (similar to a traditional IRA) even if you don't spend money in the current period on medical expenses.
Whether you make contributions personally or via your employer, you need to file Form 8889 to report contributions to the account and any distributions used for medical costs.
For a larger database of tutorials, please visit our website and search for your question:
https://knottlearning.com/
DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.
#IRS #Form8889 #HealthSavingsAccount
3 سال پیش
در تاریخ 1400/09/03 منتشر شده
است.
18,984
بـار بازدید شده