Now that we know how much you removed from your HSA in 14c, I provide explanations and examples for each section and line, so you should go back and reconsider what you are doing. HSAs or Archer MSAs, so that you can file your Form 8889 with confidence. If you get a positive number here, the government wants to know how much of that was spent on qualified medical expenses. I have created the following video to walk you through Form 8889. In it, you are going to owe tax and penalty (20%, 17b) on it, or Commuter Benefits on your income tax return. 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, quickly and most importantly - accurately. This contribution amount is the actual amount you can deduct from your taxable income, which must be reported on Form 1040 or Form 1040NR, there are no reporting requirements for HRAs, FSAs, so it is very important. Therefore, HSA Bank will not send you any tax forms for these.
