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dorkas2
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On form 8889, why is the worksheet putting $3,400 each month? I had employer contribution only. Did not have a high deductible

 
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On form 8889, why is the worksheet putting $3,400 each month? I had employer contribution only. Did not have a high deductible

Did you have an HSA? If so, your employer thinks that you are covered by an HDHP (High Deductible Health Plan), probably one that they enrolled you in.

The $3,400 is the annual HSA contribution limit for 2017 for someone covered by a Self-only HDHP plan.

There is a table on the 8889 that lists $3,400 for each month; this is part of the calculation for the annual contribution limit, especially if you were not in the HDHP all year. The calculation is to add all the $3,400 for each month that you were in the HDHP, then divide by 12.

 

[Edited 3/19/2020 4:13 pm CDT - clarified post]

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On form 8889, why is the worksheet putting $3,400 each month? I had employer contribution only. Did not have a high deductible

Did you have an HSA? If so, your employer thinks that you are covered by an HDHP (High Deductible Health Plan), probably one that they enrolled you in.

The $3,400 is the annual HSA contribution limit for 2017 for someone covered by a Self-only HDHP plan.

There is a table on the 8889 that lists $3,400 for each month; this is part of the calculation for the annual contribution limit, especially if you were not in the HDHP all year. The calculation is to add all the $3,400 for each month that you were in the HDHP, then divide by 12.

 

[Edited 3/19/2020 4:13 pm CDT - clarified post]

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