When it comes to Health Savings Accounts (HSAs), understanding how to handle non-employer contributions on your tax returns is crucial for making the most of your healthcare savings. So, where exactly do you enter non-employer contributions to your HSA on your tax forms?
The key place to report your non-employer contributions to an HSA is on your Form 8889. Here's how you can do it:
When it comes to Health Savings Accounts (HSAs), understanding how to handle non-employer contributions on your tax returns is crucial for maximizing your healthcare savings. To ensure you're reporting everything correctly, start by looking at Form 8889. This form is essential for any HSA holder because it captures both employer and non-employer contributions.
Make sure to fill out Part I of Form 8889 carefully. Here’s what you need to do:
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