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FORM 8889 HSA

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Level 3

55 year old client had employer contributions of $7,000 ( BOX 12 CODE W)

Form 8889 is calculating an additional $1,000 as HSA deduction even though the client did not make the additional contribution as a catchup.

Is this right?

Any help would be appreciated

 

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Level 15
Level 15

Are you sure its giving a $1000 deduction?   When I put your scenario into a dummy file, I see that $1000 end up on Line 12 of the 8889, but it doesnt give any extra deduction anywhere.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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Level 15
Level 15

Are you sure its giving a $1000 deduction?   When I put your scenario into a dummy file, I see that $1000 end up on Line 12 of the 8889, but it doesnt give any extra deduction anywhere.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

View solution in original post

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Level 3

Thanks for responding Lisa

I see the problem I entered $7K on Line 2...oops my bad--hope I didn't waste your time ...

 

Thanks so much

 

 

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Level 15
Level 15

Many people do the same thing!  The form is confusing...you'd only enter something on Line 2 if the taxpayer made contributions outside of payroll...doesn't happen very often, but it can!

Youre welcome!


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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