The most common question about HSA contributions is “What should be reported in Box 12?”
The confusion stems from the label of “employer contributions.” Both the employee and employer contributions should be showing in box 12, code W. IRS Publication 969, for tax year 2008 ( page 10) indicates that contributions made by the employer via salary reduction [...]
Yes. IRS Notice 2008-59, Q&A 33 addresses the question of a dependent being claimed by a former spouse.
Q-33. Do qualified medical expenses for HSA purposes include the § 213(d) medical expenses incurred by an account beneficiary’s child who is claimed as a dependent by the account beneficiary’s former spouse?
A-33. Yes.
The IRS issued guidance on the transfer of funds from an IRA to HSA. This notice provides guidance on a qualified HSA funding distribution from an individual’s Individual Retirement Account (IRA) or Roth IRA to a Health Savings Account (HSA). The qualified HSA funding distribution is a one-time transfer from an individual’s IRA to [...]
Generally the issues surrounding domestic partners (DPs) relate to contributions and withdrawals.
Note that domestic partners do not file joint tax returns so they are treated as individual taxpayers with no relationship. This means each can make their HSA contributions based on the coverage provide by their HDHP (Family or Individual). If the employer provides “Family” [...]
