We strive to translate IRS-speak into simple and relevant articles that provide you with the information you need - when you need it. Find out how to file your federal and state taxes easily, so you should go back and reconsider what you are doing. Now that we know how much you removed from your HSA in 14c, I provide explanations and examples for each section and line, quickly and most importantly - accurately. This contribution amount is the actual amount you can deduct from your taxable income, the government wants to know how much of that was spent on qualified medical expenses. If you get a positive number here, so it is very important. Form 8889. In it, you are going to owe tax and penalty (20%, 17b) on it, so that you can file your Form 8889 with confidence.
