The below is what I see on the instructions for filling Form 8889 at the IRS instruction website: [neutral callout] If the designated beneficiary is not the account beneficiary's surviving spouse, or there is no designated beneficiary, the account ceases to be an HSA as of the date of death. The beneficiary completes Form…
I contributed the maximum amount allowed to my HSA at the beginning of the year. I spent $200 on glasses, and my insurance company sent me a $100 reimbursement check. How do I deposit that check into my HSA without the IRS thinking that I’ve over contributed? Thank you.
In 2024, my wife took a once-in-a-lifetime IRA to HSA rollover. The money was transferred directly from a traditional IRA at one custodial company to an HSA at another custodial company. The 1099R for this rollover shows: The Distribution Amount, Taxable Amount not Determined is checked, Distribution Code 7 (normal…
I mistakenly overcontributed to my HSA in 2024. I contacted my HSA provider to withdraw the excess fund in February 2024. I filed for an extension because I was told by my employer that I would get an updated Tax form from the HSA provider. I called my HSA and said this wasn't the case. My employer will not issue a W2…
I have invested exclusively in federal treasury funds inside my HSA so that they're exempt from CA state tax, but I don't see a way to enter this in the questionnaire (it just asks if there was any interest or dividends inside the HSA). Any way to specify where the interest comes from, or should I just put $0 since it's…
I am in the process of filing my 2024 tax. I was in CA until late July 2024, and I did not make any HSA contribution while in CA. Starting August 2024, I moved to NY, and through my new NY job started making HSA contribution. The HSA amount is strictly on my NY W2. However, it seems like after I entered the HSA information…
I got married in the middle of the year and we switched to my health insurance family plan. I didn't take into account my wife's previous HSA contributions so I over-contributed to our family HSA by $497. I'd like to make this count towards the following year. I understand that there will be a 6% excess tax for leaving the…
Getting confused as this is proving hard to determine, because I have 2 hsa accounts and both are invested so can have varying values at any point in time. Just to be clear, this is asking for total value across all accounts as of dec31. Is this an optional field? If required, why is this question relevant? "Enter the…
I want to contribute to my HSA in 2025 before the 2025 tax filing deadline and have it count for 2024. Is there somewhere during filing where I can specify that I want what I contribute to count towards 2024 and not 2025? I don't believe I see that option in FreeTaxUSA. Thanks!
I am wanting to make a contribution to my 2024 HSA. When I make the contribution, do I have to wait for the 5498-SA to file my taxes?
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