Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

Federal Tax Extension Form

HrblockonlineTax Online Free1040x Online FreeCan I File 2012 Taxes NowE File A 1040xFree Tax Amendment1040 Ez InstructionsFile A Free Tax Extension OnlineFile Taxes For FreeFree EfileWhere To File My 2012 Federal Tax ReturnIncome Tax Preparation1040exFree 1040 Ez FilingHow To File A Tax Return For 2012Free State Tax Filling1040x Online FreeAmend A 2012 ReturnAmend A Tax Return 2011Taxact Online 20112013 State Income Tax FormsFree Tax Preparation For MilitaryAmended Tax Form 2012Irs Gov Free FileFillable 1040xTurbotax 2011 Tax ReturnFile Taxes Online Free Federal And StateBack TaxHow To Do Amended Tax ReturnEfile 2009 TaxesAmendment 1040x1040 Tax Form 2010Free State Income Tax Filing Online1040ez OnlineFree Taxes H And R BlockFile Back Taxes For FreeTax Ez Form 2011How Do I File Last Year's Taxes 2011H And R Block 1040xHow Can I File My 2012 Taxes Online For Free

Federal Tax Extension Form

Federal tax extension form Publication 969 - Main Content Table of Contents Health Savings Accounts (HSAs)Qualifying for an HSA Contributions to an HSA Distributions From an HSA Balance in an HSA Death of HSA Holder Filing Form 8889 Employer Participation Medical Savings Accounts (MSAs)Archer MSAs Contributions to an MSA Distributions From an MSA Balance in an Archer MSA Death of the Archer MSA Holder Filing Form 8853 Employer Participation Medicare Advantage MSAs Flexible Spending Arrangements (FSAs)Qualifying for an FSA Contributions to an FSA Distributions From an FSA Balance in an FSA Employer Participation Health Reimbursement Arrangements (HRAs)Qualifying for an HRA Contributions to an HRA Distributions From an HRA Balance in an HRA Employer Participation How To Get Tax HelpLow Income Taxpayer Clinics Health Savings Accounts (HSAs) A health savings account (HSA) is a tax-exempt trust or custodial account you set up with a qualified HSA trustee to pay or reimburse certain medical expenses you incur. Federal tax extension form You must be an eligible individual to qualify for an HSA. Federal tax extension form No permission or authorization from the IRS is necessary to establish an HSA. Federal tax extension form You set up an HSA with a trustee. Federal tax extension form A qualified HSA trustee can be a bank, an insurance company, or anyone already approved by the IRS to be a trustee of individual retirement arrangements (IRAs) or Archer MSAs. Federal tax extension form The HSA can be established through a trustee that is different from your health plan provider. Federal tax extension form Your employer may already have some information on HSA trustees in your area. Federal tax extension form If you have an Archer MSA, you can generally roll it over into an HSA tax free. Federal tax extension form See Rollovers, later. Federal tax extension form What are the benefits of an HSA?   You may enjoy several benefits from having an HSA. Federal tax extension form You can claim a tax deduction for contributions you, or someone other than your employer, make to your HSA even if you do not itemize your deductions on Form 1040. Federal tax extension form Contributions to your HSA made by your employer (including contributions made through a cafeteria plan) may be excluded from your gross income. Federal tax extension form The contributions remain in your account until you use them. Federal tax extension form The interest or other earnings on the assets in the account are tax free. Federal tax extension form Distributions may be tax free if you pay qualified medical expenses. Federal tax extension form See Qualified medical expenses , later. Federal tax extension form An HSA is “portable. Federal tax extension form ” It stays with you if you change employers or leave the work force. Federal tax extension form Qualifying for an HSA To be an eligible individual and qualify for an HSA, you must meet the following requirements. Federal tax extension form You must be covered under a high deductible health plan (HDHP), described later, on the first day of the month. Federal tax extension form You have no other health coverage except what is permitted under Other health coverage , later. Federal tax extension form You are not enrolled in Medicare. Federal tax extension form You cannot be claimed as a dependent on someone else's 2013 tax return. Federal tax extension form Under the last-month rule, you are considered to be an eligible individual for the entire year if you are an eligible individual on the first day of the last month of your tax year (December 1 for most taxpayers). Federal tax extension form If you meet these requirements, you are an eligible individual even if your spouse has non-HDHP family coverage, provided your spouse's coverage does not cover you. Federal tax extension form If another taxpayer is entitled to claim an exemption for you, you cannot claim a deduction for an HSA contribution. Federal tax extension form This is true even if the other person does not actually claim your exemption. Federal tax extension form Each spouse who is an eligible individual who wants an HSA must open a separate HSA. Federal tax extension form You cannot have a joint HSA. Federal tax extension form High deductible health plan (HDHP). Federal tax extension form   An HDHP has: A higher annual deductible than typical health plans, and A maximum limit on the sum of the annual deductible and out-of-pocket medical expenses that you must pay for covered expenses. Federal tax extension form Out-of-pocket expenses include copayments and other amounts, but do not include premiums. Federal tax extension form   An HDHP may provide preventive care benefits without a deductible or with a deductible less than the minimum annual deductible. Federal tax extension form Preventive care includes, but is not limited to, the following. Federal tax extension form Periodic health evaluations, including tests and diagnostic procedures ordered in connection with routine examinations, such as annual physicals. Federal tax extension form Routine prenatal and well-child care. Federal tax extension form Child and adult immunizations. Federal tax extension form Tobacco cessation programs. Federal tax extension form Obesity weight-loss programs. Federal tax extension form Screening services. Federal tax extension form This includes screening services for the following: Cancer. Federal tax extension form Heart and vascular diseases. Federal tax extension form Infectious diseases. Federal tax extension form Mental health conditions. Federal tax extension form Substance abuse. Federal tax extension form Metabolic, nutritional, and endocrine conditions. Federal tax extension form Musculoskeletal disorders. Federal tax extension form Obstetric and gynecological conditions. Federal tax extension form Pediatric conditions. Federal tax extension form Vision and hearing disorders. Federal tax extension form For more information on screening services, see Notice 2004-23, 2004-15 I. Federal tax extension form R. Federal tax extension form B. Federal tax extension form 725 available at www. Federal tax extension form irs. Federal tax extension form gov/irb/2004-15_IRB/ar10. Federal tax extension form html. Federal tax extension form     The following table shows the minimum annual deductible and maximum annual deductible and other out-of-pocket expenses for HDHPs for 2013. Federal tax extension form      Self-only coverage Family coverage Minimum annual deductible $1,250 $2,500 Maximum annual deductible and other out-of-pocket expenses* $6,250 $12,500 * This limit does not apply to deductibles and expenses for out-of-network services if the plan uses a network of providers. Federal tax extension form Instead, only deductibles and out-of-pocket expenses for services within the network should be used to figure whether the limit applies. Federal tax extension form    The following table shows the minimum annual deductible and maximum annual deductible and other out-of-pocket expenses for HDHPs for 2014. Federal tax extension form      Self-only coverage Family coverage Minimum annual deductible $1,250 $2,500 Maximum annual deductible and other out-of-pocket expenses* $6,350 $12,700 * This limit does not apply to deductibles and expenses for out-of-network services if the plan uses a network of providers. Federal tax extension form Instead, only deductibles and out-of-pocket expenses for services within the network should be used to figure whether the limit applies. Federal tax extension form   Self-only HDHP coverage is an HDHP covering only an eligible individual. Federal tax extension form Family HDHP coverage is an HDHP covering an eligible individual and at least one other individual (whether or not that individual is an eligible individual). Federal tax extension form Example. Federal tax extension form An eligible individual and his dependent child are covered under an “employee plus one” HDHP offered by the individual's employer. Federal tax extension form This is family HDHP coverage. Federal tax extension form Family plans that do not meet the high deductible rules. Federal tax extension form   There are some family plans that have deductibles for both the family as a whole and for individual family members. Federal tax extension form Under these plans, if you meet the individual deductible for one family member, you do not have to meet the higher annual deductible amount for the family. Federal tax extension form If either the deductible for the family as a whole or the deductible for an individual family member is less than the minimum annual deductible for family coverage, the plan does not qualify as an HDHP. Federal tax extension form Example. Federal tax extension form You have family health insurance coverage in 2013. Federal tax extension form The annual deductible for the family plan is $3,500. Federal tax extension form This plan also has an individual deductible of $1,500 for each family member. Federal tax extension form The plan does not qualify as an HDHP because the deductible for an individual family member is less than the minimum annual deductible ($2,500) for family coverage. Federal tax extension form Other health coverage. Federal tax extension form   You (and your spouse, if you have family coverage) generally cannot have any other health coverage that is not an HDHP. Federal tax extension form However, you can still be an eligible individual even if your spouse has non-HDHP coverage provided you are not covered by that plan. Federal tax extension form    You can have additional insurance that provides benefits only for the following items. Federal tax extension form Liabilities incurred under workers' compensation laws, tort liabilities, or liabilities related to ownership or use of property. Federal tax extension form A specific disease or illness. Federal tax extension form A fixed amount per day (or other period) of hospitalization. Federal tax extension form   You can also have coverage (whether provided through insurance or otherwise) for the following items. Federal tax extension form Accidents. Federal tax extension form Disability. Federal tax extension form Dental care. Federal tax extension form Vision care. Federal tax extension form Long-term care. Federal tax extension form    Plans in which substantially all of the coverage is through the items listed earlier are not HDHPs. Federal tax extension form For example, if your plan provides coverage substantially all of which is for a specific disease or illness, the plan is not an HDHP for purposes of establishing an HSA. Federal tax extension form Prescription drug plans. Federal tax extension form   You can have a prescription drug plan, either as part of your HDHP or a separate plan (or rider), and qualify as an eligible individual if the plan does not provide benefits until the minimum annual deductible of the HDHP has been met. Federal tax extension form If you can receive benefits before that deductible is met, you are not an eligible individual. Federal tax extension form Other employee health plans. Federal tax extension form   An employee covered by an HDHP and a health FSA or an HRA that pays or reimburses qualified medical expenses generally cannot make contributions to an HSA. Federal tax extension form Health FSAs and HRAs are discussed later. Federal tax extension form   However, an employee can make contributions to an HSA while covered under an HDHP and one or more of the following arrangements. Federal tax extension form Limited-purpose health FSA or HRA. Federal tax extension form These arrangements can pay or reimburse the items listed earlier under Other health coverage except long-term care. Federal tax extension form Also, these arrangements can pay or reimburse preventive care expenses because they can be paid without having to satisfy the deductible. Federal tax extension form Suspended HRA. Federal tax extension form Before the beginning of an HRA coverage period, you can elect to suspend the HRA. Federal tax extension form The HRA does not pay or reimburse, at any time, the medical expenses incurred during the suspension period except preventive care and items listed under Other health coverage. Federal tax extension form When the suspension period ends, you are no longer eligible to make contributions to an HSA. Federal tax extension form Post-deductible health FSA or HRA. Federal tax extension form These arrangements do not pay or reimburse any medical expenses incurred before the minimum annual deductible amount is met. Federal tax extension form The deductible for these arrangements does not have to be the same as the deductible for the HDHP, but benefits may not be provided before the minimum annual deductible amount is met. Federal tax extension form Retirement HRA. Federal tax extension form This arrangement pays or reimburses only those medical expenses incurred after retirement. Federal tax extension form After retirement you are no longer eligible to make contributions to an HSA. Federal tax extension form Health FSA – grace period. Federal tax extension form   Coverage during a grace period by a general purpose health FSA is allowed if the balance in the health FSA at the end of its prior year plan is zero. Federal tax extension form See Flexible Spending Arrangements (FSAs) , later. Federal tax extension form Contributions to an HSA Any eligible individual can contribute to an HSA. Federal tax extension form For an employee's HSA, the employee, the employee's employer, or both may contribute to the employee's HSA in the same year. Federal tax extension form For an HSA established by a self-employed (or unemployed) individual, the individual can contribute. Federal tax extension form Family members or any other person may also make contributions on behalf of an eligible individual. Federal tax extension form Contributions to an HSA must be made in cash. Federal tax extension form Contributions of stock or property are not allowed. Federal tax extension form Limit on Contributions The amount you or any other person can contribute to your HSA depends on the type of HDHP coverage you have, your age, the date you become an eligible individual, and the date you cease to be an eligible individual. Federal tax extension form For 2013, if you have self-only HDHP coverage, you can contribute up to $3,250. Federal tax extension form If you have family HDHP coverage, you can contribute up to $6,450. Federal tax extension form For 2014, if you have self-only HDHP coverage, you can contribute up to $3,300. Federal tax extension form If you have family HDHP coverage you can contribute up to $6,550. Federal tax extension form If you were, or were considered (under the last-month rule, discussed later), an eligible individual for the entire year and did not change your type of coverage, you can contribute the full amount based on your type of coverage. Federal tax extension form However, if you were not an eligible individual for the entire year or changed your coverage during the year, your contribution limit is the greater of: The limitation shown on the Line 3 Limitation Chart and Worksheetin the Instructions for Form 8889, Health Savings Accounts (HSAs), or The maximum annual HSA contribution based on your HDHP coverage (self-only or family) on the first day of the last month of your tax year. Federal tax extension form If you had family HDHP coverage on the first day of the last month of your tax year, your contribution limit for 2013 is $6,450 even if you changed coverage during the year. Federal tax extension form Last-month rule. Federal tax extension form   Under the last-month rule, if you are an eligible individual on the first day of the last month of your tax year (December 1 for most taxpayers), you are considered an eligible individual for the entire year. Federal tax extension form You are treated as having the same HDHP coverage for the entire year as you had on the first day of the last month. Federal tax extension form Testing period. Federal tax extension form   If contributions were made to your HSA based on you being an eligible individual for the entire year under the last-month rule, you must remain an eligible individual during the testing period. Federal tax extension form For the last-month rule, the testing period begins with the last month of your tax year and ends on the last day of the 12th month following that month. Federal tax extension form For example, December 1, 2013, through December 31, 2014. Federal tax extension form   If you fail to remain an eligible individual during the testing period, other than because of death or becoming disabled, you will have to include in income the total contributions made to your HSA that would not have been made except for the last-month rule. Federal tax extension form You include this amount in your income in the year in which you fail to be an eligible individual. Federal tax extension form This amount is also subject to a 10% additional tax. Federal tax extension form The income and additional tax are shown on Form 8889, Part III. Federal tax extension form Example 1. Federal tax extension form Chris, age 53, becomes an eligible individual on December 1, 2013. Federal tax extension form He has family HDHP coverage on that date. Federal tax extension form Under the last-month rule, he contributes $6,450 to his HSA. Federal tax extension form Chris fails to be an eligible individual in June 2014. Federal tax extension form Because Chris did not remain an eligible individual during the testing period (December 1, 2013, through December 31, 2014), he must include in his 2014 income the contributions made in 2013 that would not have been made except for the last-month rule. Federal tax extension form Chris uses the worksheet in the Form 8889 instructions to determine this amount. Federal tax extension form January -0- February -0- March -0- April -0- May -0- June -0- July -0- August -0- September -0- October -0- November -0- December $6,450. Federal tax extension form 00 Total for all months $6,450. Federal tax extension form 00 Limitation. Federal tax extension form Divide the total by 12 $537. Federal tax extension form 50 Chris would include $5,912. Federal tax extension form 50 ($6,450. Federal tax extension form 00 – $537. Federal tax extension form 50) in his gross income on his 2014 tax return. Federal tax extension form Also, a 10% additional tax applies to this amount. Federal tax extension form Example 2. Federal tax extension form Erika, age 39, has self-only HDHP coverage on January 1, 2013. Federal tax extension form Erika changes to family HDHP coverage on November 1, 2013. Federal tax extension form Because Erika has family HDHP coverage on December 1, 2013, she contributes $6,450 for 2013. Federal tax extension form Erika fails to be an eligible individual in March 2014. Federal tax extension form Because she did not remain an eligible individual during the testing period (December 1, 2013, through December 31, 2014), she must include in income the contribution made that would not have been made except for the last-month rule. Federal tax extension form Erika uses the worksheet in the Form 8889 instructions to determine this amount. Federal tax extension form January $3,250. Federal tax extension form 00 February $3,250. Federal tax extension form 00 March $3,250. Federal tax extension form 00 April $3,250. Federal tax extension form 00 May $3,250. Federal tax extension form 00 June $3,250. Federal tax extension form 00 July $3,250. Federal tax extension form 00 August $3,250. Federal tax extension form 00 September $3,250. Federal tax extension form 00 October $3,250. Federal tax extension form 00 November $6,450. Federal tax extension form 00 December $6,450. Federal tax extension form 00 Total for all months $45,400. Federal tax extension form 00 Limitation. Federal tax extension form Divide the total by 12 $3,783. Federal tax extension form 34 Erika would include $2,666. Federal tax extension form 67 ($6,450 – $3,783. Federal tax extension form 34) in her gross income on her 2014 tax return. Federal tax extension form Also, a 10% additional tax applies to this amount. Federal tax extension form Additional contribution. Federal tax extension form   If you are an eligible individual who is age 55 or older at the end of your tax year, your contribution limit is increased by $1,000. Federal tax extension form For example, if you have self-only coverage, you can contribute up to $4,250 (the contribution limit for self-only coverage ($3,250) plus the additional contribution of $1,000). Federal tax extension form However, see Enrolled in Medicare , later. Federal tax extension form If you have more than one HSA in 2013, your total contributions to all the HSAs cannot be more than the limits discussed earlier. Federal tax extension form Reduction of contribution limit. Federal tax extension form   You must reduce the amount that can be contributed (including any additional contribution) to your HSA by the amount of any contribution made to your Archer MSA (including employer contributions) for the year. Federal tax extension form A special rule applies to married people, discussed next, if each spouse has family coverage under an HDHP. Federal tax extension form Rules for married people. Federal tax extension form   If either spouse has family HDHP coverage, both spouses are treated as having family HDHP coverage. Federal tax extension form If each spouse has family coverage under a separate plan, the contribution limit for 2013 is $6,450. Federal tax extension form You must reduce the limit on contributions, before taking into account any additional contributions, by the amount contributed to both spouses' Archer MSAs. Federal tax extension form After that reduction, the contribution limit is split equally between the spouses unless you agree on a different division. Federal tax extension form The rules for married people apply only if both spouses are eligible individuals. Federal tax extension form If both spouses are 55 or older and not enrolled in Medicare, each spouse's contribution limit is increased by the additional contribution. Federal tax extension form If both spouses meet the age requirement, the total contributions under family coverage cannot be more than $8,450. Federal tax extension form Each spouse must make the additional contribution to his or her own HSA. Federal tax extension form Example. Federal tax extension form For 2013, Mr. Federal tax extension form Auburn and his wife are both eligible individuals. Federal tax extension form They each have family coverage under separate HDHPs. Federal tax extension form Mr. Federal tax extension form Auburn is 58 years old and Mrs. Federal tax extension form Auburn is 53. Federal tax extension form Mr. Federal tax extension form and Mrs. Federal tax extension form Auburn can split the family contribution limit ($6,450) equally or they can agree on a different division. Federal tax extension form If they split it equally, Mr. Federal tax extension form Auburn can contribute $4,225 to an HSA (one-half the maximum contribution for family coverage ($3,225) + $1,000 additional contribution) and Mrs. Federal tax extension form Auburn can contribute $3,225 to an HSA. Federal tax extension form Employer contributions. Federal tax extension form   You must reduce the amount you, or any other person, can contribute to your HSA by the amount of any contributions made by your employer that are excludable from your income. Federal tax extension form This includes amounts contributed to your account by your employer through a cafeteria plan. Federal tax extension form Enrolled in Medicare. Federal tax extension form   Beginning with the first month you are enrolled in Medicare, your contribution limit is zero. Federal tax extension form Example. Federal tax extension form You turned age 65 in July 2013 and enrolled in Medicare. Federal tax extension form You had an HDHP with self-only coverage and are eligible for an additional contribution of $1,000. Federal tax extension form Your contribution limit is $2,125 ($4,250 × 6 ÷ 12). Federal tax extension form Qualified HSA funding distribution. Federal tax extension form   A qualified HSA funding distribution may be made from your traditional IRA or Roth IRA to your HSA. Federal tax extension form This distribution cannot be made from an ongoing SEP IRA or SIMPLE IRA. Federal tax extension form For this purpose, a SEP IRA or SIMPLE IRA is ongoing if an employer contribution is made for the plan year ending with or within your tax year in which the distribution would be made. Federal tax extension form   The maximum qualified HSA funding distribution depends on the HDHP coverage (self-only or family) you have on the first day of the month in which the contribution is made and your age as of the end of the tax year. Federal tax extension form The distribution must be made directly by the trustee of the IRA to the trustee of the HSA. Federal tax extension form The distribution is not included in your income, is not deductible, and reduces the amount that can be contributed to your HSA. Federal tax extension form The qualified HSA funding distribution is shown on Form 8889 for the year in which the distribution is made. Federal tax extension form   You can make only one qualified HSA funding distribution during your lifetime. Federal tax extension form However, if you make a distribution during a month when you have self-only HDHP coverage, you can make another qualified HSA funding distribution in a later month in that tax year if you change to family HDHP coverage. Federal tax extension form The total qualified HSA funding distribution cannot be more than the contribution limit for family HDHP coverage plus any additional contribution to which you are entitled. Federal tax extension form Example. Federal tax extension form In 2013, you are an eligible individual, age 57, with self-only HDHP coverage. Federal tax extension form You can make a qualified HSA funding distribution of $4,250 ($3,250 plus $1,000 additional contribution). Federal tax extension form Funding distribution – testing period. Federal tax extension form   You must remain an eligible individual during the testing period. Federal tax extension form For a qualified HSA funding distribution, the testing period begins with the month in which the qualified HSA funding distribution is contributed and ends on the last day of the 12th month following that month. Federal tax extension form For example, if a qualified HSA funding distribution is contributed to your HSA on August 10, 2013, your testing period begins in August 2013, and ends on August 31, 2014. Federal tax extension form   If you fail to remain an eligible individual during the testing period, other than because of death or becoming disabled, you will have to include in income the qualified HSA funding distribution. Federal tax extension form You include this amount in income in the year in which you fail to be an eligible individual. Federal tax extension form This amount is also subject to a 10% additional tax. Federal tax extension form The income and the additional tax are shown on Form 8889, Part III. Federal tax extension form   Each qualified HSA funding distribution allowed has its own testing period. Federal tax extension form For example, you are an eligible individual, age 45, with self-only HDHP coverage. Federal tax extension form On June 18, 2013, you make a qualified HSA funding distribution of $3,250. Federal tax extension form On July 27, 2013, you enroll in family HDHP coverage and on August 17, 2013, you make a qualified HSA funding distribution of $3,200. Federal tax extension form Your testing period for the first distribution begins in June 2013 and ends on June 30, 2014. Federal tax extension form Your testing period for the second distribution begins in August 2013 and ends on August 31, 2014. Federal tax extension form   The testing period rule that applies under the last-month rule (discussed earlier) does not apply to amounts contributed to an HSA through a qualified HSA funding distribution. Federal tax extension form If you remain an eligible individual during the entire funding distribution testing period, then no amount of that distribution is included in income and will not be subject to the additional tax for failing to meet the last-month rule testing period. Federal tax extension form Rollovers A rollover contribution is not included in your income, is not deductible, and does not reduce your contribution limit. Federal tax extension form Archer MSAs and other HSAs. Federal tax extension form   You can roll over amounts from Archer MSAs and other HSAs into an HSA. Federal tax extension form You do not have to be an eligible individual to make a rollover contribution from your existing HSA to a new HSA. Federal tax extension form Rollover contributions do not need to be in cash. Federal tax extension form Rollovers are not subject to the annual contribution limits. Federal tax extension form   You must roll over the amount within 60 days after the date of receipt. Federal tax extension form You can make only one rollover contribution to an HSA during a 1-year period. Federal tax extension form Note. Federal tax extension form If you instruct the trustee of your HSA to transfer funds directly to the trustee of another of your HSAs, the transfer is not considered a rollover. Federal tax extension form There is no limit on the number of these transfers. Federal tax extension form Do not include the amount transferred in income, deduct it as a contribution, or include it as a distribution on Form 8889. Federal tax extension form When To Contribute You can make contributions to your HSA for 2013 until April 15, 2014. Federal tax extension form If you fail to be an eligible individual during 2013, you can still make contributions, up until April 15, 2014, for the months you were an eligible individual. Federal tax extension form Your employer can make contributions to your HSA between January 1, 2014, and April 15, 2014, that are allocated to 2013. Federal tax extension form Your employer must notify you and the trustee of your HSA that the contribution is for 2013. Federal tax extension form The contribution will be reported on your 2014 Form W-2. Federal tax extension form Reporting Contributions on Your Return Contributions made by your employer are not included in your income. Federal tax extension form Contributions to an employee's account by an employer using the amount of an employee's salary reduction through a cafeteria plan are treated as employer contributions. Federal tax extension form Generally, you can claim contributions you made and contributions made by any other person, other than your employer, on your behalf, as an adjustment to income. Federal tax extension form Contributions by a partnership to a bona fide partner's HSA are not contributions by an employer. Federal tax extension form The contributions are treated as a distribution of money and are not included in the partner's gross income. Federal tax extension form Contributions by a partnership to a partner's HSA for services rendered are treated as guaranteed payments that are deductible by the partnership and includible in the partner's gross income. Federal tax extension form In both situations, the partner can deduct the contribution made to the partner's HSA. Federal tax extension form Contributions by an S corporation to a 2% shareholder-employee's HSA for services rendered are treated as guaranteed payments and are deductible by the S corporation and includible in the shareholder-employee's gross income. Federal tax extension form The shareholder-employee can deduct the contribution made to the shareholder-employee's HSA. Federal tax extension form Form 8889. Federal tax extension form   Report all contributions to your HSA on Form 8889 and file it with your Form 1040 or Form 1040NR. Federal tax extension form You should include all contributions made for 2013, including those made by April 15, 2014, that are designated for 2013. Federal tax extension form Contributions made by your employer and qualified HSA funding distributions are also shown on the form. Federal tax extension form   You should receive Form 5498-SA, HSA, Archer MSA, or Medicare Advantage MSA Information, from the trustee showing the amount contributed to your HSA during the year. Federal tax extension form Your employer's contributions also will be shown in box 12 of Form W-2, Wage and Tax Statement, with code W. Federal tax extension form Follow the instructions for Form 8889. Federal tax extension form Report your HSA deduction on Form 1040 or Form 1040NR. Federal tax extension form Excess contributions. Federal tax extension form   You will have excess contributions if the contributions to your HSA for the year are greater than the limits discussed earlier. Federal tax extension form Excess contributions are not deductible. Federal tax extension form Excess contributions made by your employer are included in your gross income. Federal tax extension form If the excess contribution is not included in box 1 of Form W-2, you must report the excess as “Other income” on your tax return. Federal tax extension form   Generally, you must pay a 6% excise tax on excess contributions. Federal tax extension form See Form 5329, Additional Taxes on Qualified Plans (including IRAs) and Other Tax-Favored Accounts, to figure the excise tax. Federal tax extension form The excise tax applies to each tax year the excess contribution remains in the account. Federal tax extension form   You may withdraw some or all of the excess contributions and not pay the excise tax on the amount withdrawn if you meet the following conditions. Federal tax extension form You withdraw the excess contributions by the due date, including extensions, of your tax return for the year the contributions were made. Federal tax extension form You withdraw any income earned on the withdrawn contributions and include the earnings in “Other income” on your tax return for the year you withdraw the contributions and earnings. Federal tax extension form If you fail to remain an eligible individual during any of the testing periods, discussed earlier, the amount you have to include in income is not an excess contribution. Federal tax extension form If you withdraw any of those amounts, the amount is treated the same as any other distribution from an HSA, discussed later. Federal tax extension form Deducting an excess contribution in a later year. Federal tax extension form   You may be able to deduct excess contributions for previous years that are still in your HSA. Federal tax extension form The excess contribution you can deduct for the current year is the lesser of the following two amounts. Federal tax extension form Your maximum HSA contribution limit for the year minus any amounts contributed to your HSA for the year. Federal tax extension form The total excess contributions in your HSA at the beginning of the year. Federal tax extension form   Amounts contributed for the year include contributions by you, your employer, and any other person. Federal tax extension form They also include any qualified HSA funding distribution made to your HSA. Federal tax extension form Any excess contribution remaining at the end of a tax year is subject to the excise tax. Federal tax extension form See Form 5329. Federal tax extension form Distributions From an HSA You will generally pay medical expenses during the year without being reimbursed by your HDHP until you reach the annual deductible for the plan. Federal tax extension form When you pay medical expenses during the year that are not reimbursed by your HDHP, you can ask the trustee of your HSA to send you a distribution from your HSA. Federal tax extension form You can receive tax-free distributions from your HSA to pay or be reimbursed for qualified medical expenses you incur after you establish the HSA. Federal tax extension form If you receive distributions for other reasons, the amount you withdraw will be subject to income tax and may be subject to an additional 20% tax. Federal tax extension form You do not have to make distributions from your HSA each year. Federal tax extension form If you are no longer an eligible individual, you can still receive tax-free distributions to pay or reimburse your qualified medical expenses. Federal tax extension form Generally, a distribution is money you get from your health savings account. Federal tax extension form Your total distributions include amounts paid with a debit card that restricts payments to health care and amounts withdrawn from the HSA by other individuals that you have designated. Federal tax extension form The trustee will report any distribution to you and the IRS on Form 1099-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA. Federal tax extension form Qualified medical expenses. Federal tax extension form   Qualified medical expenses are those expenses that would generally qualify for the medical and dental expenses deduction. Federal tax extension form These are explained in Publication 502, Medical and Dental Expenses. Federal tax extension form   Also, non-prescription medicines (other than insulin) are not considered qualified medical expenses for HSA purposes. Federal tax extension form A medicine or drug will be a qualified medical expense for HSA purposes only if the medicine or drug: Requires a prescription, Is available without a prescription (an over-the-counter medicine or drug) and you get a prescription for it, or Is insulin. Federal tax extension form   For HSA purposes, expenses incurred before you establish your HSA are not qualified medical expenses. Federal tax extension form State law determines when an HSA is established. Federal tax extension form An HSA that is funded by amounts rolled over from an Archer MSA or another HSA is established on the date the prior account was established. Federal tax extension form   If, under the last-month rule, you are considered to be an eligible individual for the entire year for determining the contribution amount, only those expenses incurred after you actually establish your HSA are qualified medical expenses. Federal tax extension form   Qualified medical expenses are those incurred by the following persons. Federal tax extension form You and your spouse. Federal tax extension form All dependents you claim on your tax return. Federal tax extension form Any person you could have claimed as a dependent on your return except that: The person filed a joint return, The person had gross income of $3,900 or more, or You, or your spouse if filing jointly, could be claimed as a dependent on someone else's 2013 return. Federal tax extension form    For this purpose, a child of parents that are divorced, separated, or living apart for the last 6 months of the calendar year is treated as the dependent of both parents whether or not the custodial parent releases the claim to the child's exemption. Federal tax extension form You cannot deduct qualified medical expenses as an itemized deduction on Schedule A (Form 1040) that are equal to the tax-free distribution from your HSA. Federal tax extension form Insurance premiums. Federal tax extension form   You cannot treat insurance premiums as qualified medical expenses unless the premiums are for: Long-term care insurance. Federal tax extension form Health care continuation coverage (such as coverage under COBRA). Federal tax extension form Health care coverage while receiving unemployment compensation under federal or state law. Federal tax extension form Medicare and other health care coverage if you were 65 or older (other than premiums for a Medicare supplemental policy, such as Medigap). Federal tax extension form   The premiums for long-term care insurance (item (1)) that you can treat as qualified medical expenses are subject to limits based on age and are adjusted annually. Federal tax extension form See Limit on long-term care premiums you can deduct in the instructions for Schedule A (Form 1040). Federal tax extension form   Items (2) and (3) can be for your spouse or a dependent meeting the requirement for that type of coverage. Federal tax extension form For item (4), if you, the account beneficiary, are not 65 or older, Medicare premiums for coverage of your spouse or a dependent (who is 65 or older) generally are not qualified medical expenses. Federal tax extension form Health coverage tax credit. Federal tax extension form   You cannot claim this credit for premiums that you pay with a tax-free distribution from your HSA. Federal tax extension form See Publication 502 for more information on this credit. Federal tax extension form Deemed distributions from HSAs. Federal tax extension form   The following situations result in deemed taxable distributions from your HSA. Federal tax extension form You engaged in any transaction prohibited by section 4975 with respect to any of your HSAs, at any time in 2013. Federal tax extension form Your account ceases to be an HSA as of January 1, 2013, and you must include the fair market value of all assets in the account as of January 1, 2013, on Form 8889. Federal tax extension form You used any portion of any of your HSAs as security for a loan at any time in 2013. Federal tax extension form You must include the fair market value of the assets used as security for the loan as income on Form 1040 or Form 1040NR. Federal tax extension form   Examples of prohibited transactions include the direct or indirect: Sale, exchange, or leasing of property between you and the HSA, Lending of money between you and the HSA, Furnishing goods, services, or facilities between you and the HSA, and Transfer to or use by you, or for your benefit, of any assets of the HSA. Federal tax extension form   Any deemed distribution will not be treated as used to pay qualified medical expenses. Federal tax extension form These distributions are included in your income and are subject to the additional 20% tax, discussed later. Federal tax extension form Recordkeeping. Federal tax extension form You must keep records sufficient to show that: The distributions were exclusively to pay or reimburse qualified medical expenses, The qualified medical expenses had not been previously paid or reimbursed from another source, and The medical expenses had not been taken as an itemized deduction in any year. Federal tax extension form Do not send these records with your tax return. Federal tax extension form Keep them with your tax records. Federal tax extension form Reporting Distributions on Your Return How you report your distributions depends on whether or not you use the distribution for qualified medical expenses (defined earlier). Federal tax extension form If you use a distribution from your HSA for qualified medical expenses, you do not pay tax on the distribution but you have to report the distribution on Form 8889. Federal tax extension form However, the distribution of an excess contribution taken out after the due date, including extensions, of your return is subject to tax even if used for qualified medical expenses. Federal tax extension form Follow the instructions for the form and file it with your Form 1040 or Form 1040NR. Federal tax extension form If you do not use a distribution from your HSA for qualified medical expenses, you must pay tax on the distribution. Federal tax extension form Report the amount on Form 8889 and file it with your Form 1040 or Form 1040NR. Federal tax extension form You may have to pay an additional 20% tax on your taxable distribution. Federal tax extension form HSA administration and maintenance fees withdrawn by the trustee are not reported as distributions from the HSA. Federal tax extension form Additional tax. Federal tax extension form   There is an additional 20% tax on the part of your distributions not used for qualified medical expenses. Federal tax extension form Figure the tax on Form 8889 and file it with your Form 1040 or Form 1040NR. Federal tax extension form Exceptions. Federal tax extension form   There is no additional tax on distributions made after the date you are disabled, reach age 65, or die. Federal tax extension form Balance in an HSA An HSA is generally exempt from tax. Federal tax extension form You are permitted to take a distribution from your HSA at any time; however, only those amounts used exclusively to pay for qualified medical expenses are tax free. Federal tax extension form Amounts that remain at the end of the year are generally carried over to the next year (see Excess contributions , earlier). Federal tax extension form Earnings on amounts in an HSA are not included in your income while held in the HSA. Federal tax extension form Death of HSA Holder You should choose a beneficiary when you set up your HSA. Federal tax extension form What happens to that HSA when you die depends on whom you designate as the beneficiary. Federal tax extension form Spouse is the designated beneficiary. Federal tax extension form   If your spouse is the designated beneficiary of your HSA, it will be treated as your spouse's HSA after your death. Federal tax extension form Spouse is not the designated beneficiary. Federal tax extension form   If your spouse is not the designated beneficiary of your HSA: The account stops being an HSA, and The fair market value of the HSA becomes taxable to the beneficiary in the year in which you die. Federal tax extension form If your estate is the beneficiary, the value is included on your final income tax return. Federal tax extension form The amount taxable to a beneficiary other than the estate is reduced by any qualified medical expenses for the decedent that are paid by the beneficiary within 1 year after the date of death. Federal tax extension form Filing Form 8889 You must file Form 8889 with your Form 1040 or Form 1040NR if you (or your spouse, if married filing a joint return) had any activity in your HSA during the year. Federal tax extension form You must file the form even if only your employer or your spouse's employer made contributions to the HSA. Federal tax extension form If, during the tax year, you are the beneficiary of two or more HSAs or you are a beneficiary of an HSA and you have your own HSA, you must complete a separate Form 8889 for each HSA. Federal tax extension form Enter “statement” at the top of each Form 8889 and complete the form as instructed. Federal tax extension form Next, complete a controlling Form 8889 combining the amounts shown on each of the statement Forms 8889. Federal tax extension form Attach the statements to your tax return after the controlling Form 8889. Federal tax extension form Employer Participation This section contains the rules that employers must follow if they decide to make HSAs available to their employees. Federal tax extension form Unlike the previous discussions, “you” refers to the employer and not to the employee. Federal tax extension form Health plan. Federal tax extension form   If you want your employees to be able to have an HSA, they must have an HDHP. Federal tax extension form You can provide no additional coverage other than those exceptions listed previously under Other health coverage . Federal tax extension form Contributions. Federal tax extension form   You can make contributions to your employees' HSAs. Federal tax extension form You deduct the contributions on your business income tax return for the year in which you make the contributions. Federal tax extension form If the contribution is allocated to the prior year, you still deduct it in the year in which you made the contribution. Federal tax extension form   For more information on employer contributions, see Notice 2008-59, 2008-29 I. Federal tax extension form R. Federal tax extension form B. Federal tax extension form 123, questions 23 through 27, available at www. Federal tax extension form irs. Federal tax extension form gov/irb/2008-29_IRB/ar11. Federal tax extension form html. Federal tax extension form Comparable contributions. Federal tax extension form   If you decide to make contributions, you must make comparable contributions to all comparable participating employees' HSAs. Federal tax extension form Your contributions are comparable if they are either: The same amount, or The same percentage of the annual deductible limit under the HDHP covering the employees. Federal tax extension form The comparability rules do not apply to contributions made through a cafeteria plan. Federal tax extension form Comparable participating employees. Federal tax extension form   Comparable participating employees: Are covered by your HDHP and are eligible to establish an HSA, Have the same category of coverage (either self-only or family coverage), and Have the same category of employment (part-time, full-time, or former employees). Federal tax extension form   To meet the comparability requirements for eligible employees who have not established an HSA by December 31 or have not notified you that they have an HSA, you must meet a notice requirement and a contribution requirement. Federal tax extension form   You will meet the notice requirement if by January 15 of the following calendar year you provide a written notice to all such employees. Federal tax extension form The notice must state that each eligible employee who, by the last day of February, establishes an HSA and notifies you that they have established an HSA will receive a comparable contribution to the HSA for the prior year. Federal tax extension form For a sample of the notice, see Regulation 54. Federal tax extension form 4980G-4 A-14(c). Federal tax extension form You will meet the contribution requirement for these employees if by April 15, 2014, you contribute comparable amounts plus reasonable interest to the employee's HSA for the prior year. Federal tax extension form Note. Federal tax extension form For purposes of making contributions to HSAs of non-highly compensated employees, highly compensated employees shall not be treated as comparable participating employees. Federal tax extension form Excise tax. Federal tax extension form   If you made contributions to your employees' HSAs that were not comparable, you must pay an excise tax of 35% of the amount you contributed. Federal tax extension form Employment taxes. Federal tax extension form   Amounts you contribute to your employees' HSAs are generally not subject to employment taxes. Federal tax extension form You must report the contributions in box 12 of the Form W-2 you file for each employee. Federal tax extension form This includes the amounts the employee elected to contribute through a cafeteria plan. Federal tax extension form Enter code “W” in box 12. Federal tax extension form Medical Savings Accounts (MSAs) Archer MSAs were created to help self-employed individuals and employees of certain small employers meet the medical care costs of the account holder, the account holder's spouse, or the account holder's dependent(s). Federal tax extension form After December 31, 2007, you cannot be treated as an eligible individual for Archer MSA purposes unless: You were an active participant for any tax year ending before January 1, 2008, or You became an active participant for a tax year ending after December 31, 2007, by reason of coverage under a high deductible health plan (HDHP) of an Archer MSA participating employer. Federal tax extension form A Medicare Advantage MSA is an Archer MSA designated by Medicare to be used solely to pay the qualified medical expenses of the account holder who is eligible for Medicare. Federal tax extension form Archer MSAs An Archer MSA is a tax-exempt trust or custodial account that you set up with a U. Federal tax extension form S. Federal tax extension form financial institution (such as a bank or an insurance company) in which you can save money exclusively for future medical expenses. Federal tax extension form What are the benefits of an Archer MSA?   You may enjoy several benefits from having an Archer MSA. Federal tax extension form You can claim a tax deduction for contributions you make even if you do not itemize your deductions on Form 1040 or Form 1040NR. Federal tax extension form The interest or other earnings on the assets in your Archer MSA are tax free. Federal tax extension form Distributions may be tax free if you pay qualified medical expenses. Federal tax extension form See Qualified medical expenses , later. Federal tax extension form The contributions remain in your Archer MSA from year to year until you use them. Federal tax extension form An Archer MSA is “portable” so it stays with you if you change employers or leave the work force. Federal tax extension form Qualifying for an Archer MSA To qualify for an Archer MSA, you must be either of the following. Federal tax extension form An employee (or the spouse of an employee) of a small employer (defined later) that maintains a self-only or family HDHP for you (or your spouse). Federal tax extension form A self-employed person (or the spouse of a self-employed person) who maintains a self-only or family HDHP. Federal tax extension form You can have no other health or Medicare coverage except what is permitted under Other health coverage , later. Federal tax extension form You must be an eligible individual on the first day of a given month to get an Archer MSA deduction for that month. Federal tax extension form If another taxpayer is entitled to claim an exemption for you, you cannot claim a deduction for an Archer MSA contribution. Federal tax extension form This is true even if the other person does not actually claim your exemption. Federal tax extension form Small employer. Federal tax extension form   A small employer is generally an employer who had an average of 50 or fewer employees during either of the last 2 calendar years. Federal tax extension form The definition of small employer is modified for new employers and growing employers. Federal tax extension form Growing employer. Federal tax extension form   A small employer may begin HDHPs and Archer MSAs for his or her employees and then grow beyond 50 employees. Federal tax extension form The employer will continue to meet the requirement for small employers if he or she: Had 50 or fewer employees when the Archer MSAs began, Made a contribution that was excludable or deductible as an Archer MSA for the last year he or she had 50 or fewer employees, and Had an average of 200 or fewer employees each year after 1996. Federal tax extension form Changing employers. Federal tax extension form   If you change employers, your Archer MSA moves with you. Federal tax extension form However, you may not make additional contributions unless you are otherwise eligible. Federal tax extension form High deductible health plan (HDHP). Federal tax extension form   To be eligible for an Archer MSA, you must be covered under an HDHP. Federal tax extension form An HDHP has: A higher annual deductible than typical health plans, and A maximum limit on the annual out-of-pocket medical expenses that you must pay for covered expenses. Federal tax extension form Limits. Federal tax extension form   The following table shows the limits for annual deductibles and the maximum out-of-pocket expenses for HDHPs for 2013. Federal tax extension form   Self-only coverage Family coverage Minimum annual deductible $2,150 $4,300 Maximum annual deductible $3,200 $6,450 Maximum annual out-of-pocket expenses $4,300 $7,850 Family plans that do not meet the high deductible rules. Federal tax extension form   There are some family plans that have deductibles for both the family as a whole and for individual family members. Federal tax extension form Under these plans, if you meet the individual deductible for one family member, you do not have to meet the higher annual deductible amount for the family. Federal tax extension form If either the deductible for the family as a whole or the deductible for an individual family member is less than the minimum annual deductible for family coverage, the plan does not qualify as an HDHP. Federal tax extension form Example. Federal tax extension form You have family health insurance coverage in 2013. Federal tax extension form The annual deductible for the family plan is $5,500. Federal tax extension form This plan also has an individual deductible of $2,000 for each family member. Federal tax extension form The plan does not qualify as an HDHP because the deductible for an individual family member is less than the minimum annual deductible ($4,300) for family coverage. Federal tax extension form Other health coverage. Federal tax extension form   You (and your spouse, if you have family coverage) generally cannot have any other health coverage that is not an HDHP. Federal tax extension form However, you can still be an eligible individual even if your spouse has non-HDHP coverage provided you are not covered by that plan. Federal tax extension form However, you can have additional insurance that provides benefits only for the following items. Federal tax extension form Liabilities incurred under workers' compensation laws, torts, or ownership or use of property. Federal tax extension form A specific disease or illness. Federal tax extension form A fixed amount per day (or other period) of hospitalization. Federal tax extension form You can also have coverage (whether provided through insurance or otherwise) for the following items. Federal tax extension form Accidents. Federal tax extension form Disability. Federal tax extension form Dental care. Federal tax extension form Vision care. Federal tax extension form Long-term care. Federal tax extension form Contributions to an MSA Contributions to an Archer MSA must be made in cash. Federal tax extension form You cannot contribute stock or other property to an Archer MSA. Federal tax extension form Who can contribute to my Archer MSA?   If you are an employee, your employer may make contributions to your Archer MSA. Federal tax extension form (You do not pay tax on these contributions. Federal tax extension form ) If your employer does not make contributions to your Archer MSA, or you are self-employed, you can make your own contributions to your Archer MSA. Federal tax extension form Both you and your employer cannot make contributions to your Archer MSA in the same year. Federal tax extension form You do not have to make contributions to your Archer MSA every year. Federal tax extension form    If your spouse is covered by your HDHP and an excludable amount is contributed by your spouse's employer to an Archer MSA belonging to your spouse, you cannot make contributions to your own Archer MSA that year. Federal tax extension form Limits There are two limits on the amount you or your employer can contribute to your Archer MSA: The annual deductible limit. Federal tax extension form An income limit. Federal tax extension form Annual deductible limit. Federal tax extension form   You (or your employer) can contribute up to 75% of the annual deductible of your HDHP (65% if you have a self-only plan) to your Archer MSA. Federal tax extension form You must have the HDHP all year to contribute the full amount. Federal tax extension form If you do not qualify to contribute the full amount for the year, determine your annual deductible limit by using the worksheet in the Instructions for Form 8853, Archer MSAs and Long-Term Care Insurance Contracts. Federal tax extension form Example 1. Federal tax extension form You have an HDHP for your family all year in 2013. Federal tax extension form The annual deductible is $5,000. Federal tax extension form You can contribute up to $3,750 ($5,000 × 75%) to your Archer MSA for the year. Federal tax extension form Example 2. Federal tax extension form You have an HDHP for your family for the entire months of July through December 2013 (6 months). Federal tax extension form The annual deductible is $5,000. Federal tax extension form You can contribute up to $1,875 ($5,000 × 75% ÷ 12 × 6) to your Archer MSA for the year. Federal tax extension form If you and your spouse each have a family plan, you are treated as having family coverage with the lower annual deductible of the two health plans. Federal tax extension form The contribution limit is split equally between you unless you agree on a different division. Federal tax extension form Income limit. Federal tax extension form   You cannot contribute more than you earned for the year from the employer through whom you have your HDHP. Federal tax extension form   If you are self-employed, you cannot contribute more than your net self-employment income. Federal tax extension form This is your income from self-employment minus expenses (including the deductible part of self-employment tax). Federal tax extension form Example 1. Federal tax extension form Noah Paul earned $25,000 from ABC Company in 2013. Federal tax extension form Through ABC, he had an HDHP for his family for the entire year. Federal tax extension form The annual deductible was $5,000. Federal tax extension form He can contribute up to $3,750 to his Archer MSA (75% × $5,000). Federal tax extension form He can contribute the full amount because he earned more than $3,750 at ABC. Federal tax extension form Example 2. Federal tax extension form Westley Lawrence is self-employed. Federal tax extension form He had an HDHP for his family for the entire year in 2013. Federal tax extension form The annual deductible was $5,000. Federal tax extension form Based on the annual deductible, the maximum contribution to his Archer MSA would have been $3,750 (75% × $5,000). Federal tax extension form However, after deducting his business expenses, Joe's net self-employment income is $2,500 for the year. Federal tax extension form Therefore, he is limited to a contribution of $2,500. Federal tax extension form Individuals enrolled in Medicare. Federal tax extension form   Beginning with the first month you are enrolled in Medicare, you cannot contribute to an Archer MSA. Federal tax extension form However, you may be eligible for a Medicare Advantage MSA, discussed later. Federal tax extension form When To Contribute You can make contributions to your Archer MSA for 2013 until April 15, 2014. Federal tax extension form Reporting Contributions on Your Return Report all contributions to your Archer MSA on Form 8853 and file it with your Form 1040 or Form 1040NR. Federal tax extension form You should include all contributions you, or your employer, made for 2013, including those made by April 15, 2014, that are designated for 2013. Federal tax extension form You should receive Form 5498-SA, HSA, Archer MSA, or Medicare Advantage MSA Information, from the trustee showing the amount you (or your employer) contributed during the year. Federal tax extension form Your employer's contributions should be shown in box 12 of Form W-2, Wage and Tax Statement, with code R. Federal tax extension form Follow the instructions for Form 8853 and complete the worksheet in the instructions. Federal tax extension form Report your Archer MSA deduction on Form 1040 or Form 1040NR. Federal tax extension form Excess contributions. Federal tax extension form   You will have excess contributions if the contributions to your Archer MSA for the year are greater than the limits discussed earlier. Federal tax extension form Excess contributions are not deductible. Federal tax extension form Excess contributions made by your employer are included in your gross income. Federal tax extension form If the excess contribution is not included in box 1 of Form W-2, you must report the excess as “Other income” on your tax return. Federal tax extension form   Generally, you must pay a 6% excise tax on excess contributions. Federal tax extension form See Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts, to figure the excise tax. Federal tax extension form The excise tax applies to each tax year the excess contribution remains in the account. Federal tax extension form   You may withdraw some or all of the excess contributions and not pay the excise tax on the amount withdrawn if you meet the following conditions. Federal tax extension form You withdraw the excess contributions by the due date, including extensions, of your tax return. Federal tax extension form You withdraw any income earned on the withdrawn contributions and include the earnings in “Other income” on your tax return for the year you withdraw the contributions and earnings. Federal tax extension form Deducting an excess contribution in a later year. Federal tax extension form   You may be able to deduct excess contributions for previous years that are still in your Archer MSA. Federal tax extension form The excess contribution you can deduct in the current year is the lesser of the following two amounts. Federal tax extension form Your maximum Archer MSA contribution limit for the year minus any amounts contributed to your Archer MSA for the year. Federal tax extension form The total excess contributions in your Archer MSA at the beginning of the year. Federal tax extension form   Any excess contributions remaining at the end of a tax year are subject to the excise tax. Federal tax extension form See Form 5329. Federal tax extension form Distributions From an MSA You will generally pay medical expenses during the year without being reimbursed by your HDHP until you reach the annual deductible for the plan. Federal tax extension form When you pay medical expenses during the year that are not reimbursed by your HDHP, you can ask the trustee of your Archer MSA to send you a distribution from your Archer MSA. Federal tax extension form You can receive tax-free distributions from your Archer MSA to pay for qualified medical expenses (discussed later). Federal tax extension form If you receive distributions for other reasons, the amount will be subject to income tax and may be subject to an additional 20% tax as well. Federal tax extension form You do not have to make withdrawals from your Archer MSA each year. Federal tax extension form If you no longer qualify to make contributions, you can still receive tax-free distributions to pay or reimburse your qualified medical expenses. Federal tax extension form A distribution is money you get from your Archer MSA. Federal tax extension form The trustee will report any distribution to you and the IRS on Form 1099-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA. Federal tax extension form Qualified medical expenses. Federal tax extension form   Qualified medical expenses are those expenses that would generally qualify for the medical and dental expenses deduction. Federal tax extension form These are explained in Publication 502. Federal tax extension form   Also, non-prescription medicines (other than insulin) are not considered qualified medical expenses for MSA purposes. Federal tax extension form A medicine or drug will be a qualified medical expense for MSA purposes only if the medicine or drug: Requires a prescription, Is available without a prescription (an over-the-counter medicine or drug) and you get a prescription for it, or Is insulin. Federal tax extension form   Qualified medical expenses are those incurred by the following persons. Federal tax extension form You and your spouse. Federal tax extension form All dependents you claim on your tax return. Federal tax extension form Any person you could have claimed as a dependent on your return except that: The person filed a joint return, The person had gross income of $3,900 or more, or You, or your spouse if filing jointly, could be claimed as a dependent on someone else's 2013 return. Federal tax extension form    For this purpose, a child of parents that are divorced, separated, or living apart for the last 6 months of the calendar year is treated as the dependent of both parents whether or not the custodial parent releases the claim to the child's exemption. Federal tax extension form    You cannot deduct qualified medical expenses as an itemized deduction on Schedule A (Form 1040) that are equal to the tax-free distribution from your Archer MSA. Federal tax extension form Special rules for insurance premiums. Federal tax extension form   Generally, you cannot treat insurance premiums as qualified medical expenses for Archer MSAs. Federal tax extension form You can, however, treat premiums for long-term care coverage, health care coverage while you receive unemployment benefits, or health care continuation coverage required under any federal law as qualified medical expenses for Archer MSAs. Federal tax extension form Health coverage tax credit. Federal tax extension form   You cannot claim this credit for premiums that you pay with a tax-free distribution from your Archer MSA. Federal tax extension form See Publication 502 for information on this credit. Federal tax extension form Deemed distributions from Archer MSAs. Federal tax extension form   The following situations result in deemed taxable distributions from your Archer MSA. Federal tax extension form You engaged in any transaction prohibited by section 4975 with respect to any of your Archer MSAs at any time in 2013. Federal tax extension form Your account ceases to be an Archer MSA as of January 1, 2013, and you must include the fair market value of all assets in the account as of January 1, 2013, on Form 8853. Federal tax extension form You used any portion of any of your Archer MSAs as security for a loan at any time in 2013. Federal tax extension form You must include the fair market value of the assets used as security for the loan as income on Form 1040 or Form 1040NR. Federal tax extension form   Examples of prohibited transactions include the direct or indirect: Sale, exchange, or leasing of property between you and the Archer MSA, Lending of money between you and the Archer MSA, Furnishing goods, services, or facilities between you and the Archer MSA, and Transfer to or use by you, or for your benefit, of any assets of the Archer MSA. Federal tax extension form   Any deemed distribution will not be treated as used to pay qualified medical expenses. Federal tax extension form These distributions are included in your income and are subject to the additional 20% tax, discussed later. Federal tax extension form Recordkeeping. Federal tax extension form You must keep records sufficient to show that: The distributions were exclusively to pay or reimburse qualified medical expenses, The qualified medical expenses had not been previously paid or reimbursed from another source, and The medical expenses had not been taken as an itemized deduction in any year. Federal tax extension form Do not send these records with your tax return. Federal tax extension form Keep them with your tax records. Federal tax extension form Reporting Distributions on Your Return How you report your distributions depends on whether or not you use the distribution for qualified medical expenses (defined earlier). Federal tax extension form If you use a distribution from your Archer MSA for qualified medical expenses, you do not pay tax on the distribution but you have to report the distribution on Form 8853. Federal tax extension form Follow the instructions for the form and file it with your Form 1040 or Form 1040NR. Federal tax extension form If you do not use a distribution from your Archer MSA for qualified medical expenses, you must pay tax on the distribution. Federal tax extension form Report the amount on Form 8853 and file it with your Form 1040 or Form 1040NR. Federal tax extension form You may have to pay an additional 20% tax, discussed later, on your taxable distribution. Federal tax extension form If an amount (other than a rollover) is contributed to your Archer MSA this year (by you or your employer), you also must report and pay tax on a distribution you receive from your Archer MSA this year that is used to pay medical expenses of someone who is not covered by an HDHP, or is also covered by another health plan that is not an HDHP, at the time the expenses are incurred. Federal tax extension form Rollovers. Federal tax extension form   Generally, any distribution from an Archer MSA that you roll over into another Archer MSA or an HSA is not taxable if you complete the rollover within 60 days. Federal tax extension form An Archer MSA and an HSA can only receive one rollover contribution during a 1-year period. Federal tax extension form See the Form 8853 instructions for more information. Federal tax extension form Additional tax. Federal tax extension form   There is a 20% additional tax on the part of your distributions not used for qualified medical expenses. Federal tax extension form Figure the tax on Form 8853 and file it with your Form 1040 or Form 1040NR. Federal tax extension form Report the additional tax in the total on Form 1040 or Form 1040NR. Federal tax extension form Exceptions. Federal tax extension form   There is no additional tax on distributions made after the date you are disabled, reach age 65, or die. Federal tax extension form Balance in an Archer MSA An Archer MSA is generally exempt from tax. Federal tax extension form You are permitted to take a distribution from your Archer MSA at any time; however, only those amounts used exclusively to pay for qualified medical expenses are tax free. Federal tax extension form Amounts that remain at the end of the year are generally carried over to the next year (see Excess contributions , earlier). Federal tax extension form Earnings on amounts in an Archer MSA are not included in your income while held in the Archer MSA. Federal tax extension form Death of the Archer MSA Holder You should choose a beneficiary when you set up your Archer MSA. Federal tax extension form What happens to that Archer MSA when you die depends on whom you designate as the beneficiary. Federal tax extension form Spouse is the designated beneficiary. Federal tax extension form   If your spouse is the designated beneficiary of your Archer MSA, it will be treated as your spouse's Archer MSA after your death. Federal tax extension form Spouse is not the designated beneficiary. Federal tax extension form   If your spouse is not the designated beneficiary of your Archer MSA: The account stops being an Archer MSA, and The fair market value of the Archer MSA becomes taxable to the beneficiary in the year in which you die. Federal tax extension form   If your estate is the beneficiary, the fair market value of the Archer MSA will be included on your final income tax return. Federal tax extension form The amount taxable to a beneficiary other than the estate is reduced by any qualified medical expenses for the decedent that are paid by the beneficiary within 1 year after the date of death. Federal tax extension form Filing Form 8853 You must file Form 8853 with your Form 1040 or Form 1040NR if you (or your spouse, if married filing a joint return) had any activity in your Archer MSA during the year. Federal tax extension form You must file the form even if only your employer or your spouse's employer made contributions to the Archer MSA. Federal tax extension form If, during the tax year, you are the beneficiary of two or more Archer MSAs or you are a beneficiary of an Archer MSA and you have your own Archer MSA, you must complete a separate Form 8853 for each MSA. Federal tax extension form Enter “statement” at the top of each Form 8853 and complete the form as instructed. Federal tax extension form Next, complete a controlling Form 8853 combining the amounts shown on each of the statement Forms 8853. Federal tax extension form Attach the statements to your tax return after the controlling Form 8853. Federal tax extension form Employer Participation This section contains the rules that employers must follow if they decide to make Archer MSAs available to their employees. Federal tax extension form Unlike the previous discussions, “you” refers to the employer and not to the employee. Federal tax extension form Health plan. Federal tax extension form   If you want your employees to be able to have an Archer MSA, you must make an HDHP available to them. Federal tax extension form You can provide no additional coverage other than those exceptions listed previously under Other health coverage . Federal tax extension form Contributions. Federal tax extension form   You can make contributions to your employees' Archer MSAs. Federal tax extension form You deduct the contributions on the “Employee benefit programs” line of your business income tax return for the year in which you make the contributions. Federal tax extension form If you are filing Form 1040, Schedule C, this is Part II, line 14. Federal tax extension form Comparable contributions. Federal tax extension form   If you decide to make contributions, you must make comparable contributions to all comparable participating employees' Archer MSAs. Federal tax extension form Your contributions are comparable if they are either: The same amount, or The same percentage of the annual deductible limit under the HDHP covering the employees. Federal tax extension form Comparable participating employees. Federal tax extension form   Comparable participating employees: Are covered by your HDHP and are eligible to establish an Archer MSA, Have the same category of coverage (either self-only or family coverage), and Have the same category of employment (either part-time or full-time). Federal tax extension form Excise tax. Federal tax extension form   If you made contributions to your employees' Archer MSAs that were not comparable, you must pay an excise tax of 35% of the amount you contributed. Federal tax extension form Employment taxes. Federal tax extension form   Amounts you contribute to your employees' Archer MSAs are generally not subject to employment taxes. Federal tax extension form You must report the contributions in box 12 of the Form W-2 you file for each employee. Federal tax extension form Enter code “R” in box 12. Federal tax extension form Medicare Advantage MSAs A Medicare Advantage MSA is an Archer MSA designated by Medicare to be used solely to pay the qualified medical expenses of the account holder. Federal tax extension form To be eligible for a Medicare Advantage MSA, you must be enrolled in Medicare and have a high deductible health plan (HDHP) that meets the Medicare guidelines. Federal tax extension form A Medicare Advantage MSA is a tax-exempt trust or custodial savings account that you set up with a financial institution (such as a bank or an insurance company) in which the Medicare program can deposit money for qualified medical expenses. Federal tax extension form The money in your account is not taxed if it is used for qualified medical expenses, and it may earn interest or dividends. Federal tax extension form An HDHP is a special health insurance policy that has a high deductible. Federal tax extension form You choose the policy you want to use as part of your Medicare Advantage MSA plan. Federal tax extension form However, the policy must be approved by the Medicare program. Federal tax extension form Medicare Advantage MSAs are administered through the federal Medicare program. Federal tax extension form You can get information by calling 1-800-Medicare (1-800-633-4227) or through the Internet at www. Federal tax extension form medicare. Federal tax extension form gov. Federal tax extension form Note. Federal tax extension form You must file Form 8853, Archer MSAs and Long-Term Care Insurance Contracts, with your tax return if you have a Medicare Advantage MSA. Federal tax extension form Flexible Spending Arrangements (FSAs) A health flexible spending arrangement (FSA) allows employees to be reimbursed for medical expenses. Federal tax extension form FSAs are usually funded through voluntary salary reduction agreements with your employer. Federal tax extension form No employment or federal income taxes are deducted from your contribution. Federal tax extension form The employer may also contribute. Federal tax extension form Note. Federal tax extension form Unlike HSAs or Archer MSAs which must be reported on Form 1040 or Form 1040NR, there are no reporting requirements for FSAs on your income tax return. Federal tax extension form For information on the interaction between a health FSA and an HSA, see Other employee health plans under Qualifying for an HSA, earlier. Federal tax extension form What are the benefits of an FSA?   You may enjoy several benefits from having an FSA. Federal tax extension form Contributions made by your employer can be excluded from your gross income. Federal tax extension form No employment or federal income taxes are deducted from the contributions. Federal tax extension form Withdrawals may be tax free if you pay qualified medical expenses. Federal tax extension form See Qualified medical expenses , later. Federal tax extension form You can withdraw funds from the account to pay qualified medical expenses even if you have not yet placed the funds in the account. Federal tax extension form Qualifying for an FSA Health FSAs are employer-established benefit plans. Federal tax extension form These may be offered in conjunction with other employer-provided benefits as part of a cafeteria plan. Federal tax extension form Employers have complete flexibility to offer various combinations of benefits in designing their plan. Federal tax extension form You do not have to be covered under any other health care plan to participate. Federal tax extension form Self-employed persons are not eligible for an FSA. Federal tax extension form Certain limitations may apply if you are a highly compensated participant or a key employee. Federal tax extension form Contributions to an FSA You contribute to your FSA by electing an amount to be voluntarily withheld from your pay by your employer. Federal tax extension form This is sometimes called a salary reduction agreement. Federal tax extension form The employer may also contribute to your FSA if specified in the plan. Federal tax extension form You do not pay federal income tax or employment taxes on the salary you contribute or the amounts your employer contributes to the FSA. Federal tax extension form However, contributions made by your employer to provide coverage for long-term care insurance must be included in income. Federal tax extension form When To Contribute At the
Español

Follow These Tips

Whether reserving a hotel room, buying plane tickets or making other travel arrangements, these tips will help you get a deal that delivers what you've been promised.

  • Plan as far ahead as you can. Special deals on hotel rooms and airline seats often sell out very quickly.
  • Be flexible in your travel plans. Hotels usually offer better rates on days when they expect fewer guests. Once you get a fare quote from an airline, ask if you could save money by leaving a day earlier or later, by taking a different flight on the same day, or using a different airport. Changing planes during your trip is sometimes cheaper than a nonstop flight.
  • Check out the seller. Ask tour operators and travel agents whether they belong to a professional association, then check to see if they are members in good standing. Contact your state or local consumer protection agency and the Better Business Bureau to find their complaint history.
  • Comparison shop. Determine the complete cost of the trip in dollars, including all service charges, taxes, processing fees, etc.
  • Beware of unusually cheap prices and freebies. It could be a scam and you could end up paying more than the cost of a regular package tour.
  • Make sure you understand the terms of the deal.. If you're told that you've won a free vacation, ask if you have to buy something else in order to get it. If the destination is a beach resort, ask the seller how far the hotel is from the beach. Then ask the hotel.
  • Ask about cancellation policies. You may want to look into trip insurance for added protection. InsureMyTrip.com offers pricing and policy information on plans from different companies and describes the different forms of policies available.
  • Insist on written confirmations. Ask for written proof of reservations and dates.
  • Pay by credit card. It's not unusual to make a deposit or even pay in full for travel services before the trip. A credit card gives you the right to dispute charges for services that were misrepresented or never delivered. If a travel agent or service provider tells you that you can't leave for at least two months, be very cautious-the deadline for disputing a credit card charge is 60 days and most scam artists know this.

In some states, travel sellers have to be registered and insured. Advance payments for travel must be placed in an escrow account until the services are provided. Prizes or "free" gifts may also be regulated. Contact your state or local consumer protection agency to find out about your rights and how to file complaints. The American Society of Travel Agents will also help resolve disputes with member agents.

The Federal Tax Extension Form

Federal tax extension form Index A Additional Medicare Tax, Reminders, Additional Medicare Tax withholding. Federal tax extension form Adjustments, Reporting Adjustments to Form 941-SS, 944-SS, 944, or 943 Agricultural labor, Deposits. Federal tax extension form Aliens, nonresidents, Deposits. Federal tax extension form Assistance (see Tax help) C Calendar, Calendar Comments on publication, Comments and suggestions. Federal tax extension form Common-law employee, Employee status under common law. Federal tax extension form Corrected wage and tax statement, Correcting Forms W-2AS, W-2CM, W-2GU, W-2VI, and Form W-3SS. Federal tax extension form Crew leaders, Farm Crew Leaders Current period adjustments, Current Period Adjustments D Deposit How to deposit, How To Deposit Penalties, Deposit Penalties Period, Deposit Period Requirements, 8. Federal tax extension form Depositing Taxes Rules $100,000 next-day deposit, $100,000 Next-Day Deposit Rule Accuracy of deposits, Accuracy of Deposits Rule Schedules Monthly, Monthly Deposit Schedule Semiweekly, Semiweekly Deposit Schedule When to deposit, When To Deposit E Electronic deposits, Electronic deposit requirement. Federal tax extension form Electronic filing and payment, Reminders Employee, 2. Federal tax extension form Who Are Employees? Employer identification number (EIN), 1. Federal tax extension form Employer Identification Number (EIN) F Family employees, Deposits. Federal tax extension form Farm crew leaders, Farm Crew Leaders Farmworkers, 6. Federal tax extension form Social Security and Medicare Taxes for Farmworkers, Employers of farmworkers. Federal tax extension form Federal employees, Deposits. Federal tax extension form Fishing, Deposits. Federal tax extension form Form, Calendar, Lookback period for employers of nonfarm workers. Federal tax extension form 4070, 5. Federal tax extension form Tips 4070A, 5. Federal tax extension form Tips 8274, Deposits. Federal tax extension form 940, Calendar 941-SS, Calendar, Current Period Adjustments 941-X, Adjustments to lookback period taxes. Federal tax extension form 943, Calendar 943-X, Adjustments to lookback period taxes. Federal tax extension form 944-X, Adjustments to lookback period taxes. Federal tax extension form Schedule H (Form 1040), Household employers reporting social security and Medicare taxes. Federal tax extension form SS-4, 1. Federal tax extension form Employer Identification Number (EIN) SS-5, Reminders, Employee's social security card. Federal tax extension form SS-8, IRS help. Federal tax extension form W-2c, Employee's social security card. Federal tax extension form , Correcting Forms W-2AS, W-2CM, W-2GU, W-2VI, and Form W-3SS. Federal tax extension form Fringe benefits, Fringe Benefits, Deposits. Federal tax extension form FUTA tax, 11. Federal tax extension form Federal Unemployment (FUTA) Tax—U. Federal tax extension form S. Federal tax extension form Virgin Islands Employers Only G Government employees, nonfederal, Deposits. Federal tax extension form Group-term life insurance, Deposits. Federal tax extension form H Help (see Tax help) Hiring new employees, Reminders Homeworkers, Deposits. Federal tax extension form Hospital interns, Deposits. Federal tax extension form Household employers, Household employers reporting social security and Medicare taxes. Federal tax extension form Household workers, Household employers reporting social security and Medicare taxes. Federal tax extension form , Deposits. Federal tax extension form How to deposit, How To Deposit I Insurance agents, Deposits. Federal tax extension form IRS help (employee v. Federal tax extension form subcontractor), IRS help. Federal tax extension form L Lookback period Farmworkers, Lookback period for employers of farmworkers. Federal tax extension form Nonfarm workers, Lookback period for employers of nonfarm workers. Federal tax extension form M Meals and lodging, Deposits. Federal tax extension form Ministers, Deposits. Federal tax extension form Monthly deposit schedule, Monthly Deposit Schedule Moving expenses, Deposits. Federal tax extension form N Newspaper delivery, Deposits. Federal tax extension form Noncash payments, Deposits. Federal tax extension form Nonprofit organizations, Deposits. Federal tax extension form P Partners, Deposits. Federal tax extension form Penalties, Deposit Penalties Pension plans, Deposits. Federal tax extension form Prior period adjustments, Prior Period Adjustments Private delivery services, Reminders Publications (see Tax help) R Recordkeeping, Reminders Religious orders, Deposits. Federal tax extension form Retirement and pension plans, Deposits. Federal tax extension form S Salespersons, Deposits. Federal tax extension form Scholarships and fellowships, Deposits. Federal tax extension form Semiweekly deposit schedule, Semiweekly Deposit Schedule Severance pay, Deposits. Federal tax extension form Sick pay, Sick pay. Federal tax extension form , Sick pay payments. Federal tax extension form , Deposits. Federal tax extension form Social security number (SSN), 3. Federal tax extension form Employee's Social Security Number (SSN) Statutory employee, Statutory employees. Federal tax extension form Statutory nonemployee, Statutory nonemployees. Federal tax extension form Students, Deposits. Federal tax extension form Suggestions for publication, Comments and suggestions. Federal tax extension form Supplemental unemployment compensation benefits, Deposits. Federal tax extension form T Tax help, How To Get Tax Help Tax Help, Tax help. Federal tax extension form Taxes paid by employer, Employee's portion of taxes paid by employer. Federal tax extension form Tips, 5. Federal tax extension form Tips, Deposits. Federal tax extension form Travel and business expenses, Travel and business expenses. Federal tax extension form Trust fund recovery penalty, Trust fund recovery penalty. Federal tax extension form W Wage and Tax Statement, 10. Federal tax extension form Wage and Tax Statements Prev  Up     Home   More Online Publications