• Safe and secure

  • Quick and easy

  • web-based solution

  • 24/7 Customer Service

Rate form

4.6 Statisfied

365 votes

To Complete 8889 2018 Form , Follow the Steps Below:

Prepare your 8889 2018 Form online is easy and straightforward by using CocoSign . You can simply get the form here and then fill out the details in the fillable fields. Follow the key elements given below to complete the form.

Fill out the fillable fileds

Fill in the form using our tool

Save the completed form

  1. Search for the right document that you need.
  2. Choose the "Get Form" icon to get your file.
  3. Examine the whole form to know what you need to write.
  4. Write the information in the free-to-edit parts.
  5. Double check the important information to make sure they are correct.
  6. Click on the Sign Tool to write your own online signature.
  7. Put your signature at the end of the form and press the "Done" button.
  8. Now your file is ready to print, download, and share.
  9. If you have any queries regarding this, don't hesitate to contact our support team.

With the help of this service , you are able to get your document edited, signed, and downloaded in one minute. All you have to do is to follow the above process.

Thousands of companies love CocoSign

Create this form in 5 minutes or less
Fill & Sign the Form

Hand-in-Hand Teaching Guide to write 8889 2018 Form

youtube video

8889 2018 Form Inquiry Instruction

hey everybody today we're going to be.talking about how to file HSA tax form.eight at eight nine and a lot about it.details of how to prepare it who needs.it how to do it each question line by.line so I think it's gonna be very.helpful this video is brought to you by.easy form eight eight eight nine calm if.this kind of stuff makes your eyes roll.head over there and have it fill this.form out for you it's a simple online.tax preparation software for form eight.eight eight nine it has simple questions.and allows you to print out or download.the completed PDF for your tax year.again check out easy form eight eight.eight nine calm so today we're going to.talk quickly about some background of.form a to date nine what it does who.needs to file it and what you'll need to.file it and then we're going to look at.each section in detail each line in.detail and discuss how to fill it out.first off form eight eight nine is an.income tax form that summaries.summarizes HSA activity for a year so.it's going to take a look at how much.you contributed to HSA it's going to see.how much came out of your HSA and then.it's going to make sure that you play by.the rules otherwise it's going to assess.taxes and penalties it often comes up.who needs to file for me date at nine.for one anybody that contributed to the.HSA during the year even if it was just.your employer has to file additionally.anyone that withdrew funds from their.HSA has to file third anybody that end.their HSA but in a prior year took.advantage of the last month rule will.have to account for that.and finally anyone that acquired an.interest in an HSA due to a death of.beneficiary you'll need a couple of.things to prepare form eight and eight.nine first of all you'll need form five.four nine eight - si this is provided by.our HSA custodian and shows what was.contributed to your HSA during the year.you'll also need form w-2 from your.employer.if you have employer contributions you.may need form 1099 - si also provided by.your HSA custodian which shows money.that came out of your HSA and you'll.also need the tax form itself and in the.instructions you can find those online.or in any sort of tax preparation.software so let's look at part one.HSA contributions and deduction this.part of the form is going to detail how.much you are allowed to contribute how.much you did contribute and take that.amount and effect your tax liability on.form 1040 so let's jump in to line 1 or.question 1 this is a pretty easy one.it's asking you to indicate the type of.coverage you had during the year if you.have self-only check that if you have.family check that the only complication.arises if you had both maybe you changed.during the year in that case just choose.what you have the longest not that bad.we'll move on to question 2 this asks.for the actual contributions you made to.the HSA during the year now this does.not include employer contributions or.contributions that your employer held.back pre-tax and contributed code a.cafeteria plan or any HSA rollovers or.IRA funding or any of that stuff.this is only monies you had in your bank.account that you previously paid tax on.that you then contribute to your HSA.that's an important distinction will.come up later line 3 is your actual.contribution limit for your HSA during.the year we are looking at 2016 and it.says that the self-only coverage.entitles a contribution of 3350 whereas.a family coverage entitles a.contribution of 6750 that's great if you.had that type of coverage throughout the.year but what happens if your coverage.changes so in that case there's a.complicated set of instructions as to.how to calculate this amount I'm going.to try and explain on the next slide for.example let's say that I only had.coverage for the first five months of.the year January through May let's also.assume during that time that my coverage.changed from self only to family in.April.you can see that information detailed on.the bottom left in line three the.calculation limit is calculated by the.line three limitation chart and.worksheet it's kind of your standard.government flow chart that takes in some.inputs and spits out your line three.value the way it does this is by.averaging a bunch of yearly contribution.limits for each month divided by 12 and.arriving at your yearly contribution.limit for each month you have to enter.the type of coverage in the.corresponding contribution limit that.that coverage allows for the year so in.January if I had self-only coverage I'd.enter 30 350 same with February same.with March in April I changed the family.coverage so I entered 6750 same as May.but then every other month I entered.zero because I didn't have an HSA I add.all those amounts up and divide by 12.and you can see in red my contribution.limit for the year was 1962 dollars and.fifty cents that amount makes its way.onto line three of formated eight nine.and you can see I filled that amount out.as well as some other information using.easy form a to date 9.com I've assumed a.personal contribution of $1,200 to the.HSA and I've got my contribution limit.listed on line three moving on to line.four this involves Archer msas which are.another type of medical savings account.not a lot of people have these but if.you do any amount you contribute to it.is reduced or removed from your HSA.contribution limit so if you have that.go ahead and enter that amount on line.four in line five is just a subtraction.where you're removing that artis Archer.MSA amount from line three so so far so.good move on to the second half of Part.one and line six is a little bit.complicated and it's really getting at.spouses that have their own HSA so maybe.you and your spouse both have an HSA in.that case you could do an allocation for.the contribution limit maybe you take.half of it your spouse takes half or it.might be beneficial tax wise to assign.it to all to you.or your spouse or what have you because.each HSA account has two fathers their.own form 8 8 8 9 this can prove.beneficial there so you'll divvy up that.contribution limit amongst you in your.spouse every else like I did just enters.the amount from line 5 line 7 has to do.with the 55 plus catch-up contribution.which this year in 2016 is $1,000 and.it's also pro rata kind of by month like.we saw on line 3 but you can see there's.kind of some detail as to who this.applies to it states married and you and.your spouse have family coverage under.an h th P so I'm not assuming I have.that on line 7 I've entered 0 but you.might have that additional amount of.$1,000 or some amount thereof listed.here on line 7 but do be careful because.for some filers that amount is actually.included in line 3 based on the prior.instructions that we saw so if that.applies to you definitely read through a.little bit and make sure you've got that.going to the right spot line 8 is an.edition of line 6 and 7 so if you have.that additional contribution or not it's.getting added there in line 9 moves on.to employer contributions here I've.assumed that my employer contributed.$500 to my HSA for the year line 10 this.is a qualified HSA funding distribution.which is a special type of contribution.from your IRA or Roth IRA to your HSA.these are pretty rare and happen.infrequently but if you do this make.sure you know the testing period for.that contribution and you'll have to.enter that amount here on line 10.because as you'll see in a moment both.employer contributions and distributions.or funding distribution from your IRA.reduce your contribution limit for the.year that happens on line 11 as those.two months are added you can see I just.have the $500 and on line 12.you're gonna take line 11 and remove it.from line 8 I've done that and I'm left.with one thousand four hundred and sixty.two dollars and fifty cents so just.simple subtraction line 13 is a.comparison.a very important line on formated at.9:00 it has you enter the smaller of 1/2.the amount you contributed in line 12.this number we've arrived at from the.previous steps you can see that I've.entered the $1,200 I contributed even.though I was able to take a tax.deduction of up to 14 60 250 so I was a.little bit below it but that's okay that.amounts gonna make its way to form 1040.and reduce my tax liability.so that's part one move on to part 2 HSA.distributions this is amounts that have.come out of your HSA account and.hopefully that you've spent on qualified.medical expenses 14 her line 14 has.three different parts to it a B and C 14.a just asked for everything that came.out of your HSA enter it all right there.14 B drills down a little bit and says.well now break out just those amounts.that were for rollovers say from another.HSA to this HSA or vice versa or excess.contributions that you moved during the.year I don't have any of those so I put.0 but if you had those go ahead and put.him on 14 B and a 14 C just removes.those amounts from 14 a that total.amount that you took out in my case 14 C.and 14 are the same but 14 C could be a.little bit less if those apply to you.now 15 is an important one that says for.those HSA distributions how much of it.was spent on qualified medical expenses.the government wants you to spend all.this money that you take out your HSA.the correct way on qualified medical.expenses so this comparison is going to.happen on the next line but I want to.underline the importance of recording.and tracking your qualified medical.expenses and track HSA com is a great.tool to help you do that from year to.year line 16 is your taxable HSA.distributions it's taking line 15 and.subtracting it from line 14 C so in our.case we've had a thousand that we took.out we spent a thousand on qualified.medical expenses we're left with zero.but you can see if I didn't spend all.that I took out on qualified medical.expenses I've have an amount left and.that amount would be bad because it's.be taxed and penalized in the next step.so we have zero here I'm not going to.have any taxes or penalties on 17 but in.case we did we would go to 17 a and it.would say hey for any of the mounts that.you had on 16 were those allowed to be.accepted from this tax and that.exception occurs if I turn 65 I became.disabled or if I was the account holder.and died that would apply as an.exception if not that amount flows down.to 17 B where 20% of it gets put on line.17 B which flows over Form 1040a as a.tax and penalty so that's not good.basically 17 is saying if you have any.exceptions remove them and apply the.penalty of the rest otherwise just apply.to the penalty of the entire line 16 so.best to avoid that if you can and keep.your HSA distributions spent the correct.way move on to part 30 or part 3 which.is the taxes and penalties section and.for most people it will look a lot like.this a lot of zeros here unless you had.some issues with your HSA coverage.against what you did in the prior year.so line 18 the last month's rule only.applies if you utilize the last month.rule in the prior tax year and then.ended your HSA coverage in the current.year failing the testing period if this.happens it would have to go through and.recalculate the amount you could have.contributed and take the difference put.it on in the current year here on line.18 so it's kind of like an over.contribution that you're now having to.pay taxes and penalty on line 19 is.similar for a prior year qualified HSA.funding distribution which is a funding.of your HSA from an IRA which if you do.that entails its own testing period.which is different from the last month.or testing period if you fail that that.amount gets added back on the current.year on line 19 so this section is.taking these two amounts 18 and 19 if.they exist adding them up on line 20.adding them back to income or their tax.so just simply add those two amounts.together and that's going to make its.way to form 1040 where it can be added.to your income increasing your tax.liability for a good measure the.government pen Eliza's you won this ten.percent so it takes line twenty takes.ten percent of that and puts it on line.21 which then makes its way to ten forty.also where it's added as a penalty so.that's not good if you're going to.utilize the last month rule or fund your.HSA from your IRA at best to do a little.research on those and make sure you know.how they're going to work so you can.manage the risk of being taxed and.penalized on those so once this is done.you can just fill out your name and your.social security number on the form and.that is ready to go there are a couple.more complicated situations that can.arise easy form 80 to 89 is a great.resource for just answering simple.questions to fill this out but if you.have any questions feel free to get in.touch in India below sites or ask any.questions in the comments and we'll get.back to you.thanks for watching and have a great day.

How to generate an electronic signature for the 8889 2018 Form online

CocoSign is a browser based app and can be used on any device with an internet connection. CocoSign has provided its customers with the easiest method to e-sign their 8889 2018 Form .

It offers an all in one package including legality, efficient cost and flexibility. Follow these key elements to place a signature to a form online:

  1. Check you have a high quality internet connection.
  2. Upload the document which needs to be electronically signed.
  3. Choose the option of "My Signature” and choose it.
  4. You will be given selection after choosing 'My Signature'. You can choose your written signature.
  5. Generate your e-signature and choose 'Ok'.
  6. Choose "Done".

You have successfully added e-sign to the document . You can access your form and send it. Aside from the e-sign selection CocoSign give features, such as add field, invite to sign, combine documents, etc.

How to create an electronic signature for the 8889 2018 Form in Chrome

Google Chrome is one of the most accepted browsers around the world, due to the accessibility of lots of tools and extensions. Understanding the dire need of users, CocoSign is available as an extension to its users. It can be downloaded through the Google Chrome Web Store.

Follow these normal key elements to write an e-signature for your form in Google Chrome:

  1. Click the Web Store of Chrome and in the search CocoSign.
  2. In the search result, choose the option of 'Add'.
  3. Now, sign in to your registered Google account.
  4. Open the link of the document and choose the option 'Open in e-sign'.
  5. Choose the option of 'My Signature'.
  6. Generate your signature and put it in the document where you choose.

After placing your e-sign, send your document or share with your team members. What's more, CocoSign give its users the options to merge PDFs and add more than one signee.

How to create an electronic signature for the 8889 2018 Form in Gmail?

in Today's era, businesses have remodeled their workflow and evolved to being paperless. This involves the signing document through emails. You can easily e-sign the 8889 2018 Form without logging out of your Gmail account.

Follow the key elements below:

  1. Get the CocoSign extension from Google Chrome Web store.
  2. Open the document that needs to be e-signed.
  3. Choose the "Sign” option and write your signature.
  4. Choose 'Done' and your signed document will be attached to your draft mail produced by the e-signature app of CocoSign.

The extension of CocoSign has taken care of your problem. Try it today!

How to create an e-signature for the 8889 2018 Form straight from your smartphone?

Smartphones have substantially replaced the PCs and laptops in the past 10 years. In order to taken care of your problem, CocoSign aids to sign the document via your personal cell phone.

A high quality internet connection is all you need on your cell phone and you can e-sign your 8889 2018 Form using the tap of your finger. Follow the key elements below:

  1. Click the website of CocoSign and create an account.
  2. Next, choose and upload the document that you need to get e-signed.
  3. Choose the "My signature" option.
  4. Write down and apply your signature to the document.
  5. Check the document and tap 'Done'.

It takes you shortly to place an e-signature to the 8889 2018 Form from your cell phone. Print or share your form whatever you like.

How to create an e-signature for the 8889 2018 Form on iOS?

The iOS users would be satisfied to know that CocoSign give an iOS app to assist them. If an iOS user needs to e-sign the 8889 2018 Form , work with the CocoSign app wthout doubt.

Here's instruction place an electronic signature for the 8889 2018 Form on iOS:

  1. Add the application from Apple Store.
  2. Register for an account either by your email address or via social account of Facebook or Google.
  3. Upload the document that needs to be signed.
  4. Choose the space where you want to sign and choose the option 'Insert Signature'.
  5. Draw your signature as you prefer and place it in the document.
  6. You can send it or upload the document on the Cloud.

How to create an electronic signature for the 8889 2018 Form on Android?

The great popularity of Android phones users has given rise to the development of CocoSign for Android. You can insert the app for your Android phone from Google Play Store.

You can place an e-signature for 8889 2018 Form on Android following these key elements:

  1. Login to the CocoSign account through email address, Facebook or Google account.
  2. Upload your PDF file that needs to be signed electronically by choosing on the "+” icon.
  3. Click the space where you need to place your signature and write it in a pop up window.
  4. Finalize and adjust it by choosing the '✓' symbol.
  5. Save the changes.
  6. Print and share your document, as desired.

Get CocoSign today to assist your business operation and save yourself a large amount of time and energy by signing your 8889 2018 Form on the Android phone.

8889 2018 Form FAQs

Here you can recieve replies to the most FAQs about 8889 2018 Form . If you have specific queries, choose 'Contact Us' at the top of the page.

Need help? Contact support

How do I fill out the IIFT 2018 application form?

The IIFT application form process is in online mode only while to make the payment, candidates can opt for the online as well as offline mode. The end date to submit the IIFT application form has also been extended till September 15, 2017. Check the steps to register for IIFT Application Form 2018 .

How do I fill out the CAT 2018 application form?

There is a detailed instruction on how to fill up the form on the CAT website. Both written and a video format. The instructions are easy to follow. If you still find it difficult talk to a faculty if you are taking coaching in any institute or anyone known to you who has already filled the form.

How do I fill out the NTSE form 2017- 2018 Jharkhand online?

You cannot gove NTSE online or at your own level you have to belong to a school which is conducting ntse. Then download the form online from the page of ntse, fill it and submit it to your school along with fee. If your school is not conducting ntse, sorry to say but you cannot give ntse. It can only be given through, no institutions are allowed to conduct thos exam.

Do I have to report HSA contributions on my tax return?

Hi Faruque, Since contributions to a Roth IRA aren't tax-deductible, you don't have to report them on your 1040. But if you're using Roth contributions to qualify for the Saver’s Credit, you'll report them on Form 8880.

What is Form 8889 Health Savings Accounts?

FSA money has no impact on your AGI. The funds that went into the account were not reported as income to you on your W2 and the money (distributions) you take can theoretically only be used to pay for qualified healthcare costs. You do not get to take an itemized deduction for expenses paid with FSA funds. So the FSA money just never hits your 1040 tax return in any place, unless you somehow paid for non-qualified expenses.

Do I have to file HSA on my taxes?

HSA contributions are not taxed. Your W2 will reflect that HSA contributions were taken out pre-tax so the deduction is “automatic” without need to itemize.

Do I have to report Form 5498 on my tax return?

The RMD is a calculated percentage of the IRA balance based on your age. When you file your taxes, you include IRS Form 5498 which reports the fair market value of your IRA at year end. Because the IRS knows your date of birth, the calculation of the RMD is quite simple. If the IRA distributions reported under form 1099 are equal to or greater than the RMD, no problem. If NOT, possible problem. Hope that helps.

Easier, Quicker, Safer eSignature Solution for SMBs and Professionals

No credit card required14 days free