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Form 8889 for New Jersey: What You Should Know
HSA contribution, which means you can contribute to your HSA for the next year, and you are exempt from having to pay taxes on the money that you were able to deposit into your HSA. Note: A person in the following situations does not need to file Form 8889: Who Does Not Have Access to a Computer: This person: Has a disability that prevents him/ her from accessing an e-file. Is under 18 years of age. Was declared an invalid beneficiary. No other filing requirements. Who Does Have Access: This person: Is 17 years of age or older? Did not receive education or training. Is not entitled to benefits by reason of being an employee. Does not qualify for the earned income Credit. You will need the following information for each person you want to file Form 8889 for: Your name and social security number. Your Social Security number. Date and amount of the HSA contributions you made for the tax year. Amount of contributions made for the next year (for more information on the next year of HSA contributions, see the example above). If you have additional information to provide, you may request that your request be mailed to the address listed at Form 8889. If an HSA is available to the beneficiary, the HSA holder determines which amount of HSA income that beneficiary receives for each month, from which expense accounts the amount is deducted and reported on the beneficiary's Tax Return. If a person becomes entitled to receive benefits (such as medical and life insurance) and receives HSA contributions based on their own earnings, then that person must submit their return on IRS Form 709. Form 8889 Instructions If a person does not know the amount of money they have deposited into their HSA, then the beneficiary determines this amount. The following questions are used to determine what amount of money will be deposited into the beneficiary's HSA. The answer depends on which of the following situations a person finds themselves in: Do all the following: If a person is required to file Form 8889 for a tax year: Find out whether you have an HSA (see also Tax Tips : HSA). Identify the person(s) you're covering with an HSA. If so, enter their Social Security Number (SSN) in the spaces provided for either their name or the names of their dependents (if you don't have them).
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