Health and Benefits Updates

IRS Posts 2021 Form 8889 for HSA Reporting

The IRS has posted the 2021 tax year Form 8889, Health Savings Accounts (HSAs). Form 8889 is filed by taxpayers to report HSA contributions and associated tax deductions, HSA distributions, and any tax or penalty tax owed for distributions not used for qualified medical expenses.

This form will be reviewed for any changes of significance from the 2020 tax year version. Any findings of significance will be shared.