IRS Posts 2023 Draft Form 8889 for HSA Reporting

The IRS has posted a draft 2023 tax year Form 8889, Health Savings Accounts (HSAs). Taxpayers file Form 8889 to report HSA contributions and associated tax deductions, HSA distributions, and any tax or penalty tax owed for distributions not used for qualified medical expenses.

This form will be reviewed and any significant findings will be shared.