8889

2 replies
32 views

Hi,

I filed my taxes but I have a quick question regarding whether or not I used the last month rule on the 8889 portion.

Is there anyway that you can quickly check on your taxes to see if you used this.

Thanks

Not A Product Question

Mike9241

Level 15

why are you asking if we used this? it has no bearing on whether you can use it or not.

Mike9241

dmertz

Level 15

Nothing on your Form 8889 directly indicates that you used the last-month rule. You used the last-month rule if you contributed more than pro-rated amount you would have been eligible to contribute without using the last-month rule.

For example, if you covered by a self-only HDHP plan for only the last 9 months of 2020 and you were under age 55, your maximum contribution for 2020 without using the last-month rule would have been 9/12 of $3,550 = $2,662.50. However, being HSA-contribution-eligible for December 2020 allowed you use the last-month rule to contribute a full annual $3,550 which is more than $2,662.50.