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emc011075, Tax adviser
Category: Tax
Satisfied Customers: 2188
Experience:  IRS licensed Enrolled Agent and tax instructor
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I have an HSA that was funded all after tax money. How can I

Customer Question

I have an HSA that was funded all after tax money. How can I report and correct for that, so I don't pay taxes twice?
Submitted: 7 months ago.
Category: Tax
Expert:  emc011075 replied 7 months ago.

Hi. My name is ***** ***** I will be happy to help you.

If you have high deductible plan and funded your own HSA (not through your employer or withholding from your paychecks), you will deduct it on line 25 of 1040 to make it pre-tax. You will also have to include form 8889 with your return.

Expert:  emc011075 replied 7 months ago.

George, I see you offline now. So if this answered your question, please take a moment to rate my response so that I may receive credit for assisting you today. You find the rating bar on the top of the page – 5 stars. However, if you need clarification, or want to discuss this issue further, let me know. Thank you.

Customer: replied 7 months ago.
Where are my contributions on the 8889 made since line 25 comes from there? (I don't think you gave me a complete enough answer)
Expert:  emc011075 replied 7 months ago.

You have to start with 8889. You start with the line 1 by choosing your plan and put your contribution on line 2. You follow the lines down to the line 13. Your contribution will be carried over from line 13 to line 25 on 1040.

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