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Form 8889 is for people with high-deductible health plans to report Health Savings Account (HSA) contributions and distributions on their federal tax returns. TurboTax will automatically fill out Form 8889 if you: Contributed to an HSA; Carried over a prior-year excess contribution; Took a distribution; Inherited an HSA
" note that on the form 8889 Instructions under line 6, it explains that spouses can choose how to split the allocation." - please note that this instruction is for the current year. It is silent on changing the allocation in prior year returns, and as I pointed out, the instructions referring to how to calculate the failure to maintain HDHP ...
Box 12, code W on my W-2 always has the amount I contributed to my HSA, pre-tax. It has never included contributions my company made to the account. The amount for code W is supposed to go on line 9 of the HSA form 8889. On form 8889, it says this line is for "employer contributions".
I think Turbotax needs an override because I read the IRS instructions for form 8889 (multiple times). Whether or not my spouse is over 55 is irrelevant according to the IRS instructions, but she is. We are married filing jointly. I have an HSA. My employer funded the HSA with $8200 (as stated on my w2). We have a family HDHP. I am over 55.
Here's an example given in the Instructions for Form 8889: Example. In 2023, you are an eligible individual and have family HDHP coverage. In March, you divorce and change your coverage as of April 1 to self-only. Neither you nor your ex-spouse qualify for the additional contribution amount.
First, have you tried to delete Form 8889-S? Online, you click on Tax Tools on the left, then Tools underneath it, then Delete a Form in the center. If you have the CD/download software, go to Forms (upper right), on the left column look for 8889-s, click on it, then click on the Delete Form button at the bottom of the form viewer.
Users discuss how to get and use form 8889-T, which is created by TurboTax as part of the tax return process for health savings account (HSA) holders. The form reports contributions, distributions, and eligibility for HSA deductions and taxes.
TurboTax has always just added to line 13 the amount present on Form 5329 line 43. However, IRS checking of Form 8889 now appears to expect the excess being applied to be included on line 2, considered to be a contribution for 2023 made on the HSA owner's behalf, in addition to including it on Form 5329 line 43.
Form 8889: Health Savings Account (HSA) is used to report HSA contributions, distributions, and withdrawals. Tip: On jointly-filed returns, Form 8889 will have a -T or -S suffix, for example Form 8889-T or 8889-S. This simply denotes who the 8889 belongs to (T for taxpayer, S for spouse).
The contribution to fund the HSA comes from my employer off my payroll. The HDHP was in effect before January 2022 and continued the whole year. Where should I put the X in the line 3 workbook for High Deductable Health Insurance. Form 8889 Part 1 Line 3 Smart Worksheet.