Form 8889 Fill in Capable Health Savings Accounts HSAs

Instructions and help about Form 8889 Fill In Capable Health Savings Accounts HSAs

hey there youtube so for this video i wanted to cover a simple example of the health savings account form form 88.89 that is included with your form 1040 tax return if you make any hsa contributions or take any distributions during the year so the form should definitely be filled out if you personally made any hsa contributions or you had contributions via your employer okay and you'll be able to find that on your w-2 that you receive at the end of the year so in this example here we have uh john q taxpayer he's an individual single filing taxpayers and non-married and in artifact pattern here john has a high deductible insurance plan and he has contributions to his health savings account by both his employer and he's going to make some additional contributions and so how do we complete the form well the first issue is always what's a high deductible plan so if we look at the healthcare.gov site and this is really important to know you know before you start contributing to an hsa the