HSA Guide
How to Fill Out Form 8889 When HSA is With Post Tax Dollars
Published November 14, 2023
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Get the appShort answer: You must accurately report post-tax HSA contributions on Form 8889, including the amount in Box 2, and also report contributions, distributions, and any employer contributions for correct tax reporting.
Filling Form 8889 for post-tax contributions
When you contribute to a Health Savings Account (HSA) with post-tax dollars, you must correctly fill out Form 8889 for tax reporting purposes. Here are the steps to follow:
- Fill out Part I of Form 8889 to report your HSA contributions made with post-tax dollars. Include the amount contributed in Box 2.
- Calculate the total contributions made to your HSA for the year, including both pre-tax and post-tax contributions.
- Use Form 8889 to report any HSA distributions you received during the year. If the distributions were used for qualified medical expenses, you won't owe taxes on them.
- Include any employer contributions to your HSA in Box 9 of Form 8889. These contributions are usually made on a pre-tax basis.
- Calculate the taxable portion of your HSA distributions, if any. This amount is only applicable if you used the distributions for non-qualified expenses.
Remember to keep accurate records of your HSA contributions and distributions to ensure accurate tax reporting. Consult with a tax professional for guidance if needed.
Completing Form 8889 for your HSA contributions made with post-tax dollars may seem daunting, but it's essential for accurate tax reporting. Start by reporting your post-tax contributions in Part I, ensuring you include the correct amount in Box 2.