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Deductions & credits
Form 8889 is required if you have contributions (including via payroll deduction) or distributions (withdrawals) from an HSA. If you don't report the activity correctly, you will get a tax assessment from the IRS. Since the program has a draft version of the form, it probably won't change your tax when the form is finalized.
The IRS does not open e-filing until February 12, and any returns filed early will go into storage in turbotax's data warehouse, so there is no point in rushing to be early this year.
‎January 22, 2021
6:24 AM
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