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Instructions for Form 8889, Health Savings Accounts HSAs

Instructions for Form 8889, Health Savings Accounts HSAs

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over IRS form 8889 health savings accounts uh so this is an attachment to your form 1040 1040 Sr 1040 NR uh so this would be something that uh at the end of this form you'll know whether or not you owe any taxes on your HSA contributions and uh distributions we'll also know whether or not uh there's any additional penalties that may apply so as we walk through this onepage form we'll kind of talk about some of the limitations and uh and all of the things that may impact the tax benefit of your HSA so before we begin with the form just a brief overview uh a health savings account is a type of savings account that your employer can set up uh that works hand inand with a high deductible Health Plan other wise known as an hdhp so if you work for an employer that does not provide an hdhp then you're not eligible to contribute to an HSA so uh there are a lot of people that have hsas from prior jobs and you can keep that you can invest that money you ca

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