1837068
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

2020 HSA forms 8889-S and T still showing 2019

TT is indicating Form 8889-S or T is ready as of today, 01/28/21. Even after updating TT the forms 8889-S or T for Health Savings Accounts (HSA) still show 2019 on Part III for HSA contributions.  Seems TT is a bit slow in updating the year on the HSA worksheet.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
BillM223
Expert Alumni

2020 HSA forms 8889-S and T still showing 2019

No, the current form 8889 for 2020 is correct. Part III is supposed to refer to 2019.

 

This is a test for the last-month rule. If you have HDHP coverage on December 1 of the tax year, then you can use the full annual HSA contribution limit, even if you signed up in mid-year.

 

The trick is that if you use this, then you have to keep under HDHP coverage for all of the "testing period", which is the following year.

 

This part of that process. We need to know if you used the last-month rule in 2019 to know if you should be penalized in 2020 for failing to maintain HDHP coverage for all of 2020.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question