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Free Federal And State Tax Filing 2012 Online

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Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online You must be an eligible individual to qualify for an HSA. Free federal and state tax filing 2012 online No permission or authorization from the IRS is necessary to establish an HSA. Free federal and state tax filing 2012 online You set up an HSA with a trustee. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online The HSA can be established through a trustee that is different from your health plan provider. Free federal and state tax filing 2012 online Your employer may already have some information on HSA trustees in your area. Free federal and state tax filing 2012 online If you have an Archer MSA, you can generally roll it over into an HSA tax free. Free federal and state tax filing 2012 online See Rollovers, later. Free federal and state tax filing 2012 online What are the benefits of an HSA?   You may enjoy several benefits from having an HSA. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Contributions to your HSA made by your employer (including contributions made through a cafeteria plan) may be excluded from your gross income. Free federal and state tax filing 2012 online The contributions remain in your account until you use them. Free federal and state tax filing 2012 online The interest or other earnings on the assets in the account are tax free. Free federal and state tax filing 2012 online Distributions may be tax free if you pay qualified medical expenses. Free federal and state tax filing 2012 online See Qualified medical expenses , later. Free federal and state tax filing 2012 online An HSA is “portable. Free federal and state tax filing 2012 online ” It stays with you if you change employers or leave the work force. Free federal and state tax filing 2012 online Qualifying for an HSA To be an eligible individual and qualify for an HSA, you must meet the following requirements. Free federal and state tax filing 2012 online You must be covered under a high deductible health plan (HDHP), described later, on the first day of the month. Free federal and state tax filing 2012 online You have no other health coverage except what is permitted under Other health coverage , later. Free federal and state tax filing 2012 online You are not enrolled in Medicare. Free federal and state tax filing 2012 online You cannot be claimed as a dependent on someone else's 2013 tax return. Free federal and state tax filing 2012 online 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). Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online If another taxpayer is entitled to claim an exemption for you, you cannot claim a deduction for an HSA contribution. Free federal and state tax filing 2012 online This is true even if the other person does not actually claim your exemption. Free federal and state tax filing 2012 online Each spouse who is an eligible individual who wants an HSA must open a separate HSA. Free federal and state tax filing 2012 online You cannot have a joint HSA. Free federal and state tax filing 2012 online High deductible health plan (HDHP). Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online Out-of-pocket expenses include copayments and other amounts, but do not include premiums. Free federal and state tax filing 2012 online   An HDHP may provide preventive care benefits without a deductible or with a deductible less than the minimum annual deductible. Free federal and state tax filing 2012 online Preventive care includes, but is not limited to, the following. Free federal and state tax filing 2012 online Periodic health evaluations, including tests and diagnostic procedures ordered in connection with routine examinations, such as annual physicals. Free federal and state tax filing 2012 online Routine prenatal and well-child care. Free federal and state tax filing 2012 online Child and adult immunizations. Free federal and state tax filing 2012 online Tobacco cessation programs. Free federal and state tax filing 2012 online Obesity weight-loss programs. Free federal and state tax filing 2012 online Screening services. Free federal and state tax filing 2012 online This includes screening services for the following: Cancer. Free federal and state tax filing 2012 online Heart and vascular diseases. Free federal and state tax filing 2012 online Infectious diseases. Free federal and state tax filing 2012 online Mental health conditions. Free federal and state tax filing 2012 online Substance abuse. Free federal and state tax filing 2012 online Metabolic, nutritional, and endocrine conditions. Free federal and state tax filing 2012 online Musculoskeletal disorders. Free federal and state tax filing 2012 online Obstetric and gynecological conditions. Free federal and state tax filing 2012 online Pediatric conditions. Free federal and state tax filing 2012 online Vision and hearing disorders. Free federal and state tax filing 2012 online For more information on screening services, see Notice 2004-23, 2004-15 I. Free federal and state tax filing 2012 online R. Free federal and state tax filing 2012 online B. Free federal and state tax filing 2012 online 725 available at www. Free federal and state tax filing 2012 online irs. Free federal and state tax filing 2012 online gov/irb/2004-15_IRB/ar10. Free federal and state tax filing 2012 online html. Free federal and state tax filing 2012 online     The following table shows the minimum annual deductible and maximum annual deductible and other out-of-pocket expenses for HDHPs for 2013. Free federal and state tax filing 2012 online      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. Free federal and state tax filing 2012 online Instead, only deductibles and out-of-pocket expenses for services within the network should be used to figure whether the limit applies. Free federal and state tax filing 2012 online    The following table shows the minimum annual deductible and maximum annual deductible and other out-of-pocket expenses for HDHPs for 2014. Free federal and state tax filing 2012 online      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. Free federal and state tax filing 2012 online Instead, only deductibles and out-of-pocket expenses for services within the network should be used to figure whether the limit applies. Free federal and state tax filing 2012 online   Self-only HDHP coverage is an HDHP covering only an eligible individual. Free federal and state tax filing 2012 online 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). Free federal and state tax filing 2012 online Example. Free federal and state tax filing 2012 online An eligible individual and his dependent child are covered under an “employee plus one” HDHP offered by the individual's employer. Free federal and state tax filing 2012 online This is family HDHP coverage. Free federal and state tax filing 2012 online Family plans that do not meet the high deductible rules. Free federal and state tax filing 2012 online   There are some family plans that have deductibles for both the family as a whole and for individual family members. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Example. Free federal and state tax filing 2012 online You have family health insurance coverage in 2013. Free federal and state tax filing 2012 online The annual deductible for the family plan is $3,500. Free federal and state tax filing 2012 online This plan also has an individual deductible of $1,500 for each family member. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Other health coverage. Free federal and state tax filing 2012 online   You (and your spouse, if you have family coverage) generally cannot have any other health coverage that is not an HDHP. Free federal and state tax filing 2012 online However, you can still be an eligible individual even if your spouse has non-HDHP coverage provided you are not covered by that plan. Free federal and state tax filing 2012 online    You can have additional insurance that provides benefits only for the following items. Free federal and state tax filing 2012 online Liabilities incurred under workers' compensation laws, tort liabilities, or liabilities related to ownership or use of property. Free federal and state tax filing 2012 online A specific disease or illness. Free federal and state tax filing 2012 online A fixed amount per day (or other period) of hospitalization. Free federal and state tax filing 2012 online   You can also have coverage (whether provided through insurance or otherwise) for the following items. Free federal and state tax filing 2012 online Accidents. Free federal and state tax filing 2012 online Disability. Free federal and state tax filing 2012 online Dental care. Free federal and state tax filing 2012 online Vision care. Free federal and state tax filing 2012 online Long-term care. Free federal and state tax filing 2012 online    Plans in which substantially all of the coverage is through the items listed earlier are not HDHPs. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Prescription drug plans. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online If you can receive benefits before that deductible is met, you are not an eligible individual. Free federal and state tax filing 2012 online Other employee health plans. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online Health FSAs and HRAs are discussed later. Free federal and state tax filing 2012 online   However, an employee can make contributions to an HSA while covered under an HDHP and one or more of the following arrangements. Free federal and state tax filing 2012 online Limited-purpose health FSA or HRA. Free federal and state tax filing 2012 online These arrangements can pay or reimburse the items listed earlier under Other health coverage except long-term care. Free federal and state tax filing 2012 online Also, these arrangements can pay or reimburse preventive care expenses because they can be paid without having to satisfy the deductible. Free federal and state tax filing 2012 online Suspended HRA. Free federal and state tax filing 2012 online Before the beginning of an HRA coverage period, you can elect to suspend the HRA. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online When the suspension period ends, you are no longer eligible to make contributions to an HSA. Free federal and state tax filing 2012 online Post-deductible health FSA or HRA. Free federal and state tax filing 2012 online These arrangements do not pay or reimburse any medical expenses incurred before the minimum annual deductible amount is met. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Retirement HRA. Free federal and state tax filing 2012 online This arrangement pays or reimburses only those medical expenses incurred after retirement. Free federal and state tax filing 2012 online After retirement you are no longer eligible to make contributions to an HSA. Free federal and state tax filing 2012 online Health FSA – grace period. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online See Flexible Spending Arrangements (FSAs) , later. Free federal and state tax filing 2012 online Contributions to an HSA Any eligible individual can contribute to an HSA. Free federal and state tax filing 2012 online For an employee's HSA, the employee, the employee's employer, or both may contribute to the employee's HSA in the same year. Free federal and state tax filing 2012 online For an HSA established by a self-employed (or unemployed) individual, the individual can contribute. Free federal and state tax filing 2012 online Family members or any other person may also make contributions on behalf of an eligible individual. Free federal and state tax filing 2012 online Contributions to an HSA must be made in cash. Free federal and state tax filing 2012 online Contributions of stock or property are not allowed. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online For 2013, if you have self-only HDHP coverage, you can contribute up to $3,250. Free federal and state tax filing 2012 online If you have family HDHP coverage, you can contribute up to $6,450. Free federal and state tax filing 2012 online For 2014, if you have self-only HDHP coverage, you can contribute up to $3,300. Free federal and state tax filing 2012 online If you have family HDHP coverage you can contribute up to $6,550. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Last-month rule. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online You are treated as having the same HDHP coverage for the entire year as you had on the first day of the last month. Free federal and state tax filing 2012 online Testing period. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online For example, December 1, 2013, through December 31, 2014. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online You include this amount in your income in the year in which you fail to be an eligible individual. Free federal and state tax filing 2012 online This amount is also subject to a 10% additional tax. Free federal and state tax filing 2012 online The income and additional tax are shown on Form 8889, Part III. Free federal and state tax filing 2012 online Example 1. Free federal and state tax filing 2012 online Chris, age 53, becomes an eligible individual on December 1, 2013. Free federal and state tax filing 2012 online He has family HDHP coverage on that date. Free federal and state tax filing 2012 online Under the last-month rule, he contributes $6,450 to his HSA. Free federal and state tax filing 2012 online Chris fails to be an eligible individual in June 2014. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Chris uses the worksheet in the Form 8889 instructions to determine this amount. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 00 Total for all months $6,450. Free federal and state tax filing 2012 online 00 Limitation. Free federal and state tax filing 2012 online Divide the total by 12 $537. Free federal and state tax filing 2012 online 50 Chris would include $5,912. Free federal and state tax filing 2012 online 50 ($6,450. Free federal and state tax filing 2012 online 00 – $537. Free federal and state tax filing 2012 online 50) in his gross income on his 2014 tax return. Free federal and state tax filing 2012 online Also, a 10% additional tax applies to this amount. Free federal and state tax filing 2012 online Example 2. Free federal and state tax filing 2012 online Erika, age 39, has self-only HDHP coverage on January 1, 2013. Free federal and state tax filing 2012 online Erika changes to family HDHP coverage on November 1, 2013. Free federal and state tax filing 2012 online Because Erika has family HDHP coverage on December 1, 2013, she contributes $6,450 for 2013. Free federal and state tax filing 2012 online Erika fails to be an eligible individual in March 2014. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Erika uses the worksheet in the Form 8889 instructions to determine this amount. Free federal and state tax filing 2012 online January $3,250. Free federal and state tax filing 2012 online 00 February $3,250. Free federal and state tax filing 2012 online 00 March $3,250. Free federal and state tax filing 2012 online 00 April $3,250. Free federal and state tax filing 2012 online 00 May $3,250. Free federal and state tax filing 2012 online 00 June $3,250. Free federal and state tax filing 2012 online 00 July $3,250. Free federal and state tax filing 2012 online 00 August $3,250. Free federal and state tax filing 2012 online 00 September $3,250. Free federal and state tax filing 2012 online 00 October $3,250. Free federal and state tax filing 2012 online 00 November $6,450. Free federal and state tax filing 2012 online 00 December $6,450. Free federal and state tax filing 2012 online 00 Total for all months $45,400. Free federal and state tax filing 2012 online 00 Limitation. Free federal and state tax filing 2012 online Divide the total by 12 $3,783. Free federal and state tax filing 2012 online 34 Erika would include $2,666. Free federal and state tax filing 2012 online 67 ($6,450 – $3,783. Free federal and state tax filing 2012 online 34) in her gross income on her 2014 tax return. Free federal and state tax filing 2012 online Also, a 10% additional tax applies to this amount. Free federal and state tax filing 2012 online Additional contribution. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online 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). Free federal and state tax filing 2012 online However, see Enrolled in Medicare , later. Free federal and state tax filing 2012 online If you have more than one HSA in 2013, your total contributions to all the HSAs cannot be more than the limits discussed earlier. Free federal and state tax filing 2012 online Reduction of contribution limit. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online A special rule applies to married people, discussed next, if each spouse has family coverage under an HDHP. Free federal and state tax filing 2012 online Rules for married people. Free federal and state tax filing 2012 online   If either spouse has family HDHP coverage, both spouses are treated as having family HDHP coverage. Free federal and state tax filing 2012 online If each spouse has family coverage under a separate plan, the contribution limit for 2013 is $6,450. Free federal and state tax filing 2012 online You must reduce the limit on contributions, before taking into account any additional contributions, by the amount contributed to both spouses' Archer MSAs. Free federal and state tax filing 2012 online After that reduction, the contribution limit is split equally between the spouses unless you agree on a different division. Free federal and state tax filing 2012 online The rules for married people apply only if both spouses are eligible individuals. Free federal and state tax filing 2012 online If both spouses are 55 or older and not enrolled in Medicare, each spouse's contribution limit is increased by the additional contribution. Free federal and state tax filing 2012 online If both spouses meet the age requirement, the total contributions under family coverage cannot be more than $8,450. Free federal and state tax filing 2012 online Each spouse must make the additional contribution to his or her own HSA. Free federal and state tax filing 2012 online Example. Free federal and state tax filing 2012 online For 2013, Mr. Free federal and state tax filing 2012 online Auburn and his wife are both eligible individuals. Free federal and state tax filing 2012 online They each have family coverage under separate HDHPs. Free federal and state tax filing 2012 online Mr. Free federal and state tax filing 2012 online Auburn is 58 years old and Mrs. Free federal and state tax filing 2012 online Auburn is 53. Free federal and state tax filing 2012 online Mr. Free federal and state tax filing 2012 online and Mrs. Free federal and state tax filing 2012 online Auburn can split the family contribution limit ($6,450) equally or they can agree on a different division. Free federal and state tax filing 2012 online If they split it equally, Mr. Free federal and state tax filing 2012 online Auburn can contribute $4,225 to an HSA (one-half the maximum contribution for family coverage ($3,225) + $1,000 additional contribution) and Mrs. Free federal and state tax filing 2012 online Auburn can contribute $3,225 to an HSA. Free federal and state tax filing 2012 online Employer contributions. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online This includes amounts contributed to your account by your employer through a cafeteria plan. Free federal and state tax filing 2012 online Enrolled in Medicare. Free federal and state tax filing 2012 online   Beginning with the first month you are enrolled in Medicare, your contribution limit is zero. Free federal and state tax filing 2012 online Example. Free federal and state tax filing 2012 online You turned age 65 in July 2013 and enrolled in Medicare. Free federal and state tax filing 2012 online You had an HDHP with self-only coverage and are eligible for an additional contribution of $1,000. Free federal and state tax filing 2012 online Your contribution limit is $2,125 ($4,250 × 6 ÷ 12). Free federal and state tax filing 2012 online Qualified HSA funding distribution. Free federal and state tax filing 2012 online   A qualified HSA funding distribution may be made from your traditional IRA or Roth IRA to your HSA. Free federal and state tax filing 2012 online This distribution cannot be made from an ongoing SEP IRA or SIMPLE IRA. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online The distribution must be made directly by the trustee of the IRA to the trustee of the HSA. Free federal and state tax filing 2012 online The distribution is not included in your income, is not deductible, and reduces the amount that can be contributed to your HSA. Free federal and state tax filing 2012 online The qualified HSA funding distribution is shown on Form 8889 for the year in which the distribution is made. Free federal and state tax filing 2012 online   You can make only one qualified HSA funding distribution during your lifetime. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Example. Free federal and state tax filing 2012 online In 2013, you are an eligible individual, age 57, with self-only HDHP coverage. Free federal and state tax filing 2012 online You can make a qualified HSA funding distribution of $4,250 ($3,250 plus $1,000 additional contribution). Free federal and state tax filing 2012 online Funding distribution – testing period. Free federal and state tax filing 2012 online   You must remain an eligible individual during the testing period. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online You include this amount in income in the year in which you fail to be an eligible individual. Free federal and state tax filing 2012 online This amount is also subject to a 10% additional tax. Free federal and state tax filing 2012 online The income and the additional tax are shown on Form 8889, Part III. Free federal and state tax filing 2012 online   Each qualified HSA funding distribution allowed has its own testing period. Free federal and state tax filing 2012 online For example, you are an eligible individual, age 45, with self-only HDHP coverage. Free federal and state tax filing 2012 online On June 18, 2013, you make a qualified HSA funding distribution of $3,250. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Your testing period for the first distribution begins in June 2013 and ends on June 30, 2014. Free federal and state tax filing 2012 online Your testing period for the second distribution begins in August 2013 and ends on August 31, 2014. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Rollovers A rollover contribution is not included in your income, is not deductible, and does not reduce your contribution limit. Free federal and state tax filing 2012 online Archer MSAs and other HSAs. Free federal and state tax filing 2012 online   You can roll over amounts from Archer MSAs and other HSAs into an HSA. Free federal and state tax filing 2012 online You do not have to be an eligible individual to make a rollover contribution from your existing HSA to a new HSA. Free federal and state tax filing 2012 online Rollover contributions do not need to be in cash. Free federal and state tax filing 2012 online Rollovers are not subject to the annual contribution limits. Free federal and state tax filing 2012 online   You must roll over the amount within 60 days after the date of receipt. Free federal and state tax filing 2012 online You can make only one rollover contribution to an HSA during a 1-year period. Free federal and state tax filing 2012 online Note. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online There is no limit on the number of these transfers. Free federal and state tax filing 2012 online Do not include the amount transferred in income, deduct it as a contribution, or include it as a distribution on Form 8889. Free federal and state tax filing 2012 online When To Contribute You can make contributions to your HSA for 2013 until April 15, 2014. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Your employer can make contributions to your HSA between January 1, 2014, and April 15, 2014, that are allocated to 2013. Free federal and state tax filing 2012 online Your employer must notify you and the trustee of your HSA that the contribution is for 2013. Free federal and state tax filing 2012 online The contribution will be reported on your 2014 Form W-2. Free federal and state tax filing 2012 online Reporting Contributions on Your Return Contributions made by your employer are not included in your income. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Contributions by a partnership to a bona fide partner's HSA are not contributions by an employer. Free federal and state tax filing 2012 online The contributions are treated as a distribution of money and are not included in the partner's gross income. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online In both situations, the partner can deduct the contribution made to the partner's HSA. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online The shareholder-employee can deduct the contribution made to the shareholder-employee's HSA. Free federal and state tax filing 2012 online Form 8889. Free federal and state tax filing 2012 online   Report all contributions to your HSA on Form 8889 and file it with your Form 1040 or Form 1040NR. Free federal and state tax filing 2012 online You should include all contributions made for 2013, including those made by April 15, 2014, that are designated for 2013. Free federal and state tax filing 2012 online Contributions made by your employer and qualified HSA funding distributions are also shown on the form. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online Your employer's contributions also will be shown in box 12 of Form W-2, Wage and Tax Statement, with code W. Free federal and state tax filing 2012 online Follow the instructions for Form 8889. Free federal and state tax filing 2012 online Report your HSA deduction on Form 1040 or Form 1040NR. Free federal and state tax filing 2012 online Excess contributions. Free federal and state tax filing 2012 online   You will have excess contributions if the contributions to your HSA for the year are greater than the limits discussed earlier. Free federal and state tax filing 2012 online Excess contributions are not deductible. Free federal and state tax filing 2012 online Excess contributions made by your employer are included in your gross income. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online   Generally, you must pay a 6% excise tax on excess contributions. Free federal and state tax filing 2012 online See Form 5329, Additional Taxes on Qualified Plans (including IRAs) and Other Tax-Favored Accounts, to figure the excise tax. Free federal and state tax filing 2012 online The excise tax applies to each tax year the excess contribution remains in the account. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online You withdraw the excess contributions by the due date, including extensions, of your tax return for the year the contributions were made. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online If you withdraw any of those amounts, the amount is treated the same as any other distribution from an HSA, discussed later. Free federal and state tax filing 2012 online Deducting an excess contribution in a later year. Free federal and state tax filing 2012 online   You may be able to deduct excess contributions for previous years that are still in your HSA. Free federal and state tax filing 2012 online The excess contribution you can deduct for the current year is the lesser of the following two amounts. Free federal and state tax filing 2012 online Your maximum HSA contribution limit for the year minus any amounts contributed to your HSA for the year. Free federal and state tax filing 2012 online The total excess contributions in your HSA at the beginning of the year. Free federal and state tax filing 2012 online   Amounts contributed for the year include contributions by you, your employer, and any other person. Free federal and state tax filing 2012 online They also include any qualified HSA funding distribution made to your HSA. Free federal and state tax filing 2012 online Any excess contribution remaining at the end of a tax year is subject to the excise tax. Free federal and state tax filing 2012 online See Form 5329. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online You do not have to make distributions from your HSA each year. Free federal and state tax filing 2012 online If you are no longer an eligible individual, you can still receive tax-free distributions to pay or reimburse your qualified medical expenses. Free federal and state tax filing 2012 online Generally, a distribution is money you get from your health savings account. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Qualified medical expenses. Free federal and state tax filing 2012 online   Qualified medical expenses are those expenses that would generally qualify for the medical and dental expenses deduction. Free federal and state tax filing 2012 online These are explained in Publication 502, Medical and Dental Expenses. Free federal and state tax filing 2012 online   Also, non-prescription medicines (other than insulin) are not considered qualified medical expenses for HSA purposes. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online   For HSA purposes, expenses incurred before you establish your HSA are not qualified medical expenses. Free federal and state tax filing 2012 online State law determines when an HSA is established. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online   Qualified medical expenses are those incurred by the following persons. Free federal and state tax filing 2012 online You and your spouse. Free federal and state tax filing 2012 online All dependents you claim on your tax return. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online    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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Insurance premiums. Free federal and state tax filing 2012 online   You cannot treat insurance premiums as qualified medical expenses unless the premiums are for: Long-term care insurance. Free federal and state tax filing 2012 online Health care continuation coverage (such as coverage under COBRA). Free federal and state tax filing 2012 online Health care coverage while receiving unemployment compensation under federal or state law. Free federal and state tax filing 2012 online Medicare and other health care coverage if you were 65 or older (other than premiums for a Medicare supplemental policy, such as Medigap). Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online See Limit on long-term care premiums you can deduct in the instructions for Schedule A (Form 1040). Free federal and state tax filing 2012 online   Items (2) and (3) can be for your spouse or a dependent meeting the requirement for that type of coverage. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Health coverage tax credit. Free federal and state tax filing 2012 online   You cannot claim this credit for premiums that you pay with a tax-free distribution from your HSA. Free federal and state tax filing 2012 online See Publication 502 for more information on this credit. Free federal and state tax filing 2012 online Deemed distributions from HSAs. Free federal and state tax filing 2012 online   The following situations result in deemed taxable distributions from your HSA. Free federal and state tax filing 2012 online You engaged in any transaction prohibited by section 4975 with respect to any of your HSAs, at any time in 2013. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online You used any portion of any of your HSAs as security for a loan at any time in 2013. Free federal and state tax filing 2012 online You must include the fair market value of the assets used as security for the loan as income on Form 1040 or Form 1040NR. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online   Any deemed distribution will not be treated as used to pay qualified medical expenses. Free federal and state tax filing 2012 online These distributions are included in your income and are subject to the additional 20% tax, discussed later. Free federal and state tax filing 2012 online Recordkeeping. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Do not send these records with your tax return. Free federal and state tax filing 2012 online Keep them with your tax records. Free federal and state tax filing 2012 online 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). Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Follow the instructions for the form and file it with your Form 1040 or Form 1040NR. Free federal and state tax filing 2012 online If you do not use a distribution from your HSA for qualified medical expenses, you must pay tax on the distribution. Free federal and state tax filing 2012 online Report the amount on Form 8889 and file it with your Form 1040 or Form 1040NR. Free federal and state tax filing 2012 online You may have to pay an additional 20% tax on your taxable distribution. Free federal and state tax filing 2012 online HSA administration and maintenance fees withdrawn by the trustee are not reported as distributions from the HSA. Free federal and state tax filing 2012 online Additional tax. Free federal and state tax filing 2012 online   There is an additional 20% tax on the part of your distributions not used for qualified medical expenses. Free federal and state tax filing 2012 online Figure the tax on Form 8889 and file it with your Form 1040 or Form 1040NR. Free federal and state tax filing 2012 online Exceptions. Free federal and state tax filing 2012 online   There is no additional tax on distributions made after the date you are disabled, reach age 65, or die. Free federal and state tax filing 2012 online Balance in an HSA An HSA is generally exempt from tax. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Amounts that remain at the end of the year are generally carried over to the next year (see Excess contributions , earlier). Free federal and state tax filing 2012 online Earnings on amounts in an HSA are not included in your income while held in the HSA. Free federal and state tax filing 2012 online Death of HSA Holder You should choose a beneficiary when you set up your HSA. Free federal and state tax filing 2012 online What happens to that HSA when you die depends on whom you designate as the beneficiary. Free federal and state tax filing 2012 online Spouse is the designated beneficiary. Free federal and state tax filing 2012 online   If your spouse is the designated beneficiary of your HSA, it will be treated as your spouse's HSA after your death. Free federal and state tax filing 2012 online Spouse is not the designated beneficiary. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online If your estate is the beneficiary, the value is included on your final income tax return. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online You must file the form even if only your employer or your spouse's employer made contributions to the HSA. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Enter “statement” at the top of each Form 8889 and complete the form as instructed. Free federal and state tax filing 2012 online Next, complete a controlling Form 8889 combining the amounts shown on each of the statement Forms 8889. Free federal and state tax filing 2012 online Attach the statements to your tax return after the controlling Form 8889. Free federal and state tax filing 2012 online Employer Participation This section contains the rules that employers must follow if they decide to make HSAs available to their employees. Free federal and state tax filing 2012 online Unlike the previous discussions, “you” refers to the employer and not to the employee. Free federal and state tax filing 2012 online Health plan. Free federal and state tax filing 2012 online   If you want your employees to be able to have an HSA, they must have an HDHP. Free federal and state tax filing 2012 online You can provide no additional coverage other than those exceptions listed previously under Other health coverage . Free federal and state tax filing 2012 online Contributions. Free federal and state tax filing 2012 online   You can make contributions to your employees' HSAs. Free federal and state tax filing 2012 online You deduct the contributions on your business income tax return for the year in which you make the contributions. Free federal and state tax filing 2012 online If the contribution is allocated to the prior year, you still deduct it in the year in which you made the contribution. Free federal and state tax filing 2012 online   For more information on employer contributions, see Notice 2008-59, 2008-29 I. Free federal and state tax filing 2012 online R. Free federal and state tax filing 2012 online B. Free federal and state tax filing 2012 online 123, questions 23 through 27, available at www. Free federal and state tax filing 2012 online irs. Free federal and state tax filing 2012 online gov/irb/2008-29_IRB/ar11. Free federal and state tax filing 2012 online html. Free federal and state tax filing 2012 online Comparable contributions. Free federal and state tax filing 2012 online   If you decide to make contributions, you must make comparable contributions to all comparable participating employees' HSAs. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online The comparability rules do not apply to contributions made through a cafeteria plan. Free federal and state tax filing 2012 online Comparable participating employees. Free federal and state tax filing 2012 online   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). Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online   You will meet the notice requirement if by January 15 of the following calendar year you provide a written notice to all such employees. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online For a sample of the notice, see Regulation 54. Free federal and state tax filing 2012 online 4980G-4 A-14(c). Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Note. Free federal and state tax filing 2012 online For purposes of making contributions to HSAs of non-highly compensated employees, highly compensated employees shall not be treated as comparable participating employees. Free federal and state tax filing 2012 online Excise tax. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online Employment taxes. Free federal and state tax filing 2012 online   Amounts you contribute to your employees' HSAs are generally not subject to employment taxes. Free federal and state tax filing 2012 online You must report the contributions in box 12 of the Form W-2 you file for each employee. Free federal and state tax filing 2012 online This includes the amounts the employee elected to contribute through a cafeteria plan. Free federal and state tax filing 2012 online Enter code “W” in box 12. Free federal and state tax filing 2012 online 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). Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Archer MSAs An Archer MSA is a tax-exempt trust or custodial account that you set up with a U. Free federal and state tax filing 2012 online S. Free federal and state tax filing 2012 online financial institution (such as a bank or an insurance company) in which you can save money exclusively for future medical expenses. Free federal and state tax filing 2012 online What are the benefits of an Archer MSA?   You may enjoy several benefits from having an Archer MSA. Free federal and state tax filing 2012 online You can claim a tax deduction for contributions you make even if you do not itemize your deductions on Form 1040 or Form 1040NR. Free federal and state tax filing 2012 online The interest or other earnings on the assets in your Archer MSA are tax free. Free federal and state tax filing 2012 online Distributions may be tax free if you pay qualified medical expenses. Free federal and state tax filing 2012 online See Qualified medical expenses , later. Free federal and state tax filing 2012 online The contributions remain in your Archer MSA from year to year until you use them. Free federal and state tax filing 2012 online An Archer MSA is “portable” so it stays with you if you change employers or leave the work force. Free federal and state tax filing 2012 online Qualifying for an Archer MSA To qualify for an Archer MSA, you must be either of the following. Free federal and state tax filing 2012 online 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). Free federal and state tax filing 2012 online A self-employed person (or the spouse of a self-employed person) who maintains a self-only or family HDHP. Free federal and state tax filing 2012 online You can have no other health or Medicare coverage except what is permitted under Other health coverage , later. Free federal and state tax filing 2012 online You must be an eligible individual on the first day of a given month to get an Archer MSA deduction for that month. Free federal and state tax filing 2012 online If another taxpayer is entitled to claim an exemption for you, you cannot claim a deduction for an Archer MSA contribution. Free federal and state tax filing 2012 online This is true even if the other person does not actually claim your exemption. Free federal and state tax filing 2012 online Small employer. Free federal and state tax filing 2012 online   A small employer is generally an employer who had an average of 50 or fewer employees during either of the last 2 calendar years. Free federal and state tax filing 2012 online The definition of small employer is modified for new employers and growing employers. Free federal and state tax filing 2012 online Growing employer. Free federal and state tax filing 2012 online   A small employer may begin HDHPs and Archer MSAs for his or her employees and then grow beyond 50 employees. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Changing employers. Free federal and state tax filing 2012 online   If you change employers, your Archer MSA moves with you. Free federal and state tax filing 2012 online However, you may not make additional contributions unless you are otherwise eligible. Free federal and state tax filing 2012 online High deductible health plan (HDHP). Free federal and state tax filing 2012 online   To be eligible for an Archer MSA, you must be covered under an HDHP. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Limits. Free federal and state tax filing 2012 online   The following table shows the limits for annual deductibles and the maximum out-of-pocket expenses for HDHPs for 2013. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online   There are some family plans that have deductibles for both the family as a whole and for individual family members. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Example. Free federal and state tax filing 2012 online You have family health insurance coverage in 2013. Free federal and state tax filing 2012 online The annual deductible for the family plan is $5,500. Free federal and state tax filing 2012 online This plan also has an individual deductible of $2,000 for each family member. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Other health coverage. Free federal and state tax filing 2012 online   You (and your spouse, if you have family coverage) generally cannot have any other health coverage that is not an HDHP. Free federal and state tax filing 2012 online However, you can still be an eligible individual even if your spouse has non-HDHP coverage provided you are not covered by that plan. Free federal and state tax filing 2012 online However, you can have additional insurance that provides benefits only for the following items. Free federal and state tax filing 2012 online Liabilities incurred under workers' compensation laws, torts, or ownership or use of property. Free federal and state tax filing 2012 online A specific disease or illness. Free federal and state tax filing 2012 online A fixed amount per day (or other period) of hospitalization. Free federal and state tax filing 2012 online You can also have coverage (whether provided through insurance or otherwise) for the following items. Free federal and state tax filing 2012 online Accidents. Free federal and state tax filing 2012 online Disability. Free federal and state tax filing 2012 online Dental care. Free federal and state tax filing 2012 online Vision care. Free federal and state tax filing 2012 online Long-term care. Free federal and state tax filing 2012 online Contributions to an MSA Contributions to an Archer MSA must be made in cash. Free federal and state tax filing 2012 online You cannot contribute stock or other property to an Archer MSA. Free federal and state tax filing 2012 online Who can contribute to my Archer MSA?   If you are an employee, your employer may make contributions to your Archer MSA. Free federal and state tax filing 2012 online (You do not pay tax on these contributions. Free federal and state tax filing 2012 online ) 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. Free federal and state tax filing 2012 online Both you and your employer cannot make contributions to your Archer MSA in the same year. Free federal and state tax filing 2012 online You do not have to make contributions to your Archer MSA every year. Free federal and state tax filing 2012 online    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. Free federal and state tax filing 2012 online Limits There are two limits on the amount you or your employer can contribute to your Archer MSA: The annual deductible limit. Free federal and state tax filing 2012 online An income limit. Free federal and state tax filing 2012 online Annual deductible limit. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online You must have the HDHP all year to contribute the full amount. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Example 1. Free federal and state tax filing 2012 online You have an HDHP for your family all year in 2013. Free federal and state tax filing 2012 online The annual deductible is $5,000. Free federal and state tax filing 2012 online You can contribute up to $3,750 ($5,000 × 75%) to your Archer MSA for the year. Free federal and state tax filing 2012 online Example 2. Free federal and state tax filing 2012 online You have an HDHP for your family for the entire months of July through December 2013 (6 months). Free federal and state tax filing 2012 online The annual deductible is $5,000. Free federal and state tax filing 2012 online You can contribute up to $1,875 ($5,000 × 75% ÷ 12 × 6) to your Archer MSA for the year. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online The contribution limit is split equally between you unless you agree on a different division. Free federal and state tax filing 2012 online Income limit. Free federal and state tax filing 2012 online   You cannot contribute more than you earned for the year from the employer through whom you have your HDHP. Free federal and state tax filing 2012 online   If you are self-employed, you cannot contribute more than your net self-employment income. Free federal and state tax filing 2012 online This is your income from self-employment minus expenses (including the deductible part of self-employment tax). Free federal and state tax filing 2012 online Example 1. Free federal and state tax filing 2012 online Noah Paul earned $25,000 from ABC Company in 2013. Free federal and state tax filing 2012 online Through ABC, he had an HDHP for his family for the entire year. Free federal and state tax filing 2012 online The annual deductible was $5,000. Free federal and state tax filing 2012 online He can contribute up to $3,750 to his Archer MSA (75% × $5,000). Free federal and state tax filing 2012 online He can contribute the full amount because he earned more than $3,750 at ABC. Free federal and state tax filing 2012 online Example 2. Free federal and state tax filing 2012 online Westley Lawrence is self-employed. Free federal and state tax filing 2012 online He had an HDHP for his family for the entire year in 2013. Free federal and state tax filing 2012 online The annual deductible was $5,000. Free federal and state tax filing 2012 online Based on the annual deductible, the maximum contribution to his Archer MSA would have been $3,750 (75% × $5,000). Free federal and state tax filing 2012 online However, after deducting his business expenses, Joe's net self-employment income is $2,500 for the year. Free federal and state tax filing 2012 online Therefore, he is limited to a contribution of $2,500. Free federal and state tax filing 2012 online Individuals enrolled in Medicare. Free federal and state tax filing 2012 online   Beginning with the first month you are enrolled in Medicare, you cannot contribute to an Archer MSA. Free federal and state tax filing 2012 online However, you may be eligible for a Medicare Advantage MSA, discussed later. Free federal and state tax filing 2012 online When To Contribute You can make contributions to your Archer MSA for 2013 until April 15, 2014. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online You should include all contributions you, or your employer, made for 2013, including those made by April 15, 2014, that are designated for 2013. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Your employer's contributions should be shown in box 12 of Form W-2, Wage and Tax Statement, with code R. Free federal and state tax filing 2012 online Follow the instructions for Form 8853 and complete the worksheet in the instructions. Free federal and state tax filing 2012 online Report your Archer MSA deduction on Form 1040 or Form 1040NR. Free federal and state tax filing 2012 online Excess contributions. Free federal and state tax filing 2012 online   You will have excess contributions if the contributions to your Archer MSA for the year are greater than the limits discussed earlier. Free federal and state tax filing 2012 online Excess contributions are not deductible. Free federal and state tax filing 2012 online Excess contributions made by your employer are included in your gross income. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online   Generally, you must pay a 6% excise tax on excess contributions. Free federal and state tax filing 2012 online See Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts, to figure the excise tax. Free federal and state tax filing 2012 online The excise tax applies to each tax year the excess contribution remains in the account. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online You withdraw the excess contributions by the due date, including extensions, of your tax return. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Deducting an excess contribution in a later year. Free federal and state tax filing 2012 online   You may be able to deduct excess contributions for previous years that are still in your Archer MSA. Free federal and state tax filing 2012 online The excess contribution you can deduct in the current year is the lesser of the following two amounts. Free federal and state tax filing 2012 online Your maximum Archer MSA contribution limit for the year minus any amounts contributed to your Archer MSA for the year. Free federal and state tax filing 2012 online The total excess contributions in your Archer MSA at the beginning of the year. Free federal and state tax filing 2012 online   Any excess contributions remaining at the end of a tax year are subject to the excise tax. Free federal and state tax filing 2012 online See Form 5329. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online You can receive tax-free distributions from your Archer MSA to pay for qualified medical expenses (discussed later). Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online You do not have to make withdrawals from your Archer MSA each year. Free federal and state tax filing 2012 online If you no longer qualify to make contributions, you can still receive tax-free distributions to pay or reimburse your qualified medical expenses. Free federal and state tax filing 2012 online A distribution is money you get from your Archer MSA. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Qualified medical expenses. Free federal and state tax filing 2012 online   Qualified medical expenses are those expenses that would generally qualify for the medical and dental expenses deduction. Free federal and state tax filing 2012 online These are explained in Publication 502. Free federal and state tax filing 2012 online   Also, non-prescription medicines (other than insulin) are not considered qualified medical expenses for MSA purposes. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online   Qualified medical expenses are those incurred by the following persons. Free federal and state tax filing 2012 online You and your spouse. Free federal and state tax filing 2012 online All dependents you claim on your tax return. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online    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. Free federal and state tax filing 2012 online    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. Free federal and state tax filing 2012 online Special rules for insurance premiums. Free federal and state tax filing 2012 online   Generally, you cannot treat insurance premiums as qualified medical expenses for Archer MSAs. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Health coverage tax credit. Free federal and state tax filing 2012 online   You cannot claim this credit for premiums that you pay with a tax-free distribution from your Archer MSA. Free federal and state tax filing 2012 online See Publication 502 for information on this credit. Free federal and state tax filing 2012 online Deemed distributions from Archer MSAs. Free federal and state tax filing 2012 online   The following situations result in deemed taxable distributions from your Archer MSA. Free federal and state tax filing 2012 online You engaged in any transaction prohibited by section 4975 with respect to any of your Archer MSAs at any time in 2013. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online You used any portion of any of your Archer MSAs as security for a loan at any time in 2013. Free federal and state tax filing 2012 online You must include the fair market value of the assets used as security for the loan as income on Form 1040 or Form 1040NR. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online   Any deemed distribution will not be treated as used to pay qualified medical expenses. Free federal and state tax filing 2012 online These distributions are included in your income and are subject to the additional 20% tax, discussed later. Free federal and state tax filing 2012 online Recordkeeping. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Do not send these records with your tax return. Free federal and state tax filing 2012 online Keep them with your tax records. Free federal and state tax filing 2012 online 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). Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Follow the instructions for the form and file it with your Form 1040 or Form 1040NR. Free federal and state tax filing 2012 online If you do not use a distribution from your Archer MSA for qualified medical expenses, you must pay tax on the distribution. Free federal and state tax filing 2012 online Report the amount on Form 8853 and file it with your Form 1040 or Form 1040NR. Free federal and state tax filing 2012 online You may have to pay an additional 20% tax, discussed later, on your taxable distribution. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Rollovers. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online An Archer MSA and an HSA can only receive one rollover contribution during a 1-year period. Free federal and state tax filing 2012 online See the Form 8853 instructions for more information. Free federal and state tax filing 2012 online Additional tax. Free federal and state tax filing 2012 online   There is a 20% additional tax on the part of your distributions not used for qualified medical expenses. Free federal and state tax filing 2012 online Figure the tax on Form 8853 and file it with your Form 1040 or Form 1040NR. Free federal and state tax filing 2012 online Report the additional tax in the total on Form 1040 or Form 1040NR. Free federal and state tax filing 2012 online Exceptions. Free federal and state tax filing 2012 online   There is no additional tax on distributions made after the date you are disabled, reach age 65, or die. Free federal and state tax filing 2012 online Balance in an Archer MSA An Archer MSA is generally exempt from tax. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Amounts that remain at the end of the year are generally carried over to the next year (see Excess contributions , earlier). Free federal and state tax filing 2012 online Earnings on amounts in an Archer MSA are not included in your income while held in the Archer MSA. Free federal and state tax filing 2012 online Death of the Archer MSA Holder You should choose a beneficiary when you set up your Archer MSA. Free federal and state tax filing 2012 online What happens to that Archer MSA when you die depends on whom you designate as the beneficiary. Free federal and state tax filing 2012 online Spouse is the designated beneficiary. Free federal and state tax filing 2012 online   If your spouse is the designated beneficiary of your Archer MSA, it will be treated as your spouse's Archer MSA after your death. Free federal and state tax filing 2012 online Spouse is not the designated beneficiary. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online   If your estate is the beneficiary, the fair market value of the Archer MSA will be included on your final income tax return. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online You must file the form even if only your employer or your spouse's employer made contributions to the Archer MSA. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Enter “statement” at the top of each Form 8853 and complete the form as instructed. Free federal and state tax filing 2012 online Next, complete a controlling Form 8853 combining the amounts shown on each of the statement Forms 8853. Free federal and state tax filing 2012 online Attach the statements to your tax return after the controlling Form 8853. Free federal and state tax filing 2012 online Employer Participation This section contains the rules that employers must follow if they decide to make Archer MSAs available to their employees. Free federal and state tax filing 2012 online Unlike the previous discussions, “you” refers to the employer and not to the employee. Free federal and state tax filing 2012 online Health plan. Free federal and state tax filing 2012 online   If you want your employees to be able to have an Archer MSA, you must make an HDHP available to them. Free federal and state tax filing 2012 online You can provide no additional coverage other than those exceptions listed previously under Other health coverage . Free federal and state tax filing 2012 online Contributions. Free federal and state tax filing 2012 online   You can make contributions to your employees' Archer MSAs. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online If you are filing Form 1040, Schedule C, this is Part II, line 14. Free federal and state tax filing 2012 online Comparable contributions. Free federal and state tax filing 2012 online   If you decide to make contributions, you must make comparable contributions to all comparable participating employees' Archer MSAs. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online Comparable participating employees. Free federal and state tax filing 2012 online   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). Free federal and state tax filing 2012 online Excise tax. Free federal and state tax filing 2012 online   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. Free federal and state tax filing 2012 online Employment taxes. Free federal and state tax filing 2012 online   Amounts you contribute to your employees' Archer MSAs are generally not subject to employment taxes. Free federal and state tax filing 2012 online You must report the contributions in box 12 of the Form W-2 you file for each employee. Free federal and state tax filing 2012 online Enter code “R” in box 12. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online The money in your account is not taxed if it is used for qualified medical expenses, and it may earn interest or dividends. Free federal and state tax filing 2012 online An HDHP is a special health insurance policy that has a high deductible. Free federal and state tax filing 2012 online You choose the policy you want to use as part of your Medicare Advantage MSA plan. Free federal and state tax filing 2012 online However, the policy must be approved by the Medicare program. Free federal and state tax filing 2012 online Medicare Advantage MSAs are administered through the federal Medicare program. Free federal and state tax filing 2012 online You can get information by calling 1-800-Medicare (1-800-633-4227) or through the Internet at www. Free federal and state tax filing 2012 online medicare. Free federal and state tax filing 2012 online gov. Free federal and state tax filing 2012 online Note. Free federal and state tax filing 2012 online You must file Form 8853, Archer MSAs and Long-Term Care Insurance Contracts, with your tax return if you have a Medicare Advantage MSA. Free federal and state tax filing 2012 online Flexible Spending Arrangements (FSAs) A health flexible spending arrangement (FSA) allows employees to be reimbursed for medical expenses. Free federal and state tax filing 2012 online FSAs are usually funded through voluntary salary reduction agreements with your employer. Free federal and state tax filing 2012 online No employment or federal income taxes are deducted from your contribution. Free federal and state tax filing 2012 online The employer may also contribute. Free federal and state tax filing 2012 online Note. Free federal and state tax filing 2012 online 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. Free federal and state tax filing 2012 online For information on the interaction between a health FSA and an HSA, see Other employee health plans under Qualifying for an HSA, earlier. Free federal and state tax filing 2012 online What are the benefits of an FSA?   You may enjoy several benefits from having an FSA. Free federal and state tax filing 2012 online Contributions made by your employer can be excluded from your gross income. Free federal and state tax filing 2012 online No employment or federal income taxes are deducted from the contributions. Free federal and state tax filing 2012 online Withdrawals may be tax free if you pay qualified medical expenses. Free federal and state tax filing 2012 online See Qualified medical expenses , later. Free federal and state tax filing 2012 online You can withdraw funds from the account to pay qualified medical expenses even if you have not yet placed the funds in the account. Free federal and state tax filing 2012 online Qualifying for an FSA Health FSAs are employer-established benefit plans. Free federal and state tax filing 2012 online These may be offered in conjunction with other employer-provided benefits as part of a cafeteria plan. Free federal and state tax filing 2012 online Employers have complete flexibility to offer various combinations of benefits in designing their plan. Free federal and state tax filing 2012 online You do not have to be covered under any other health care plan to participate. Free federal and state tax filing 2012 online Self-employed persons are not eligible for an FSA. Free federal and state tax filing 2012 online Certain limitations may apply if you are a highly compensated participant or a key employee. Free federal and state tax filing 2012 online Contributions to an FSA You contribute to your FSA by electing an amount to be voluntarily withheld from your pay by your employer. Free federal and state tax filing 2012 online This is sometimes called a salary reduction agreement. Free federal and state tax filing 2012 online The employer may also contribute to your FSA if specified in the plan. Free federal and state tax filing 2012 online You do not pay federal income tax or employment taxes on the salary you contribute or the amounts your employer contributes to the FSA. Free federal and state tax filing 2012 online However, contributions made by your employer to provide coverage for long-term care insurance must be included in income. Free federal and state tax filing 2012 online When To Contribute At the
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Tax Account Transcripts provide any adjustments either you or we made after you filed your return. This transcript shows basic data, including marital status, type of return filed, adjusted gross income and taxable income.

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The Free Federal And State Tax Filing 2012 Online

Free federal and state tax filing 2012 online How To Get Tax Help Table of Contents You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get more information from the IRS in several ways. Free federal and state tax filing 2012 online By selecting the method that is best for you, you will have quick and easy access to tax help. Free federal and state tax filing 2012 online Contacting your Taxpayer Advocate. Free federal and state tax filing 2012 online   If you have attempted to deal with an IRS problem unsuccessfully, you should contact your Taxpayer Advocate. Free federal and state tax filing 2012 online   The Taxpayer Advocate represents your interests and concerns within the IRS by protecting your rights and resolving problems that have not been fixed through normal channels. Free federal and state tax filing 2012 online While Taxpayer Advocates cannot change the tax law or make a technical tax decision, they can clear up problems that resulted from previous contacts and ensure that your case is given a complete and impartial review. Free federal and state tax filing 2012 online   To contact your Taxpayer Advocate: Call the Taxpayer Advocate at 1–877–777–4778. Free federal and state tax filing 2012 online Call the IRS at 1–800–829–1040. Free federal and state tax filing 2012 online Call, write, or fax the Taxpayer Advocate office in your area. Free federal and state tax filing 2012 online Call 1–800–829–4059 if you are a TTY/TDD user. Free federal and state tax filing 2012 online   For more information, see Publication 1546, The Taxpayer Advocate Service of the IRS. Free federal and state tax filing 2012 online Free tax services. Free federal and state tax filing 2012 online   To find out what services are available, get Publication 910, Guide to Free Tax Services. Free federal and state tax filing 2012 online It contains a list of free tax publications and an index of tax topics. Free federal and state tax filing 2012 online It also describes other free tax information services, including tax education and assistance programs and a list of TeleTax topics. Free federal and state tax filing 2012 online Personal computer. Free federal and state tax filing 2012 online With your personal computer and modem, you can access the IRS on the Internet at www. Free federal and state tax filing 2012 online irs. Free federal and state tax filing 2012 online gov. Free federal and state tax filing 2012 online While visiting our web site, you can: Find answers to questions you may have. Free federal and state tax filing 2012 online Download forms and publications or search for forms and publications by topic or keyword. Free federal and state tax filing 2012 online View forms that may be filled in electronically, print the completed form, and then save the form for recordkeeping. Free federal and state tax filing 2012 online View Internal Revenue Bulletins published in the last few years. Free federal and state tax filing 2012 online Search regulations and the Internal Revenue Code. Free federal and state tax filing 2012 online Receive our electronic newsletters on hot tax issues and news. Free federal and state tax filing 2012 online Get information on starting and operating a small business. Free federal and state tax filing 2012 online You can also reach us with your computer using File Transfer Protocol at ftp. Free federal and state tax filing 2012 online irs. Free federal and state tax filing 2012 online gov. Free federal and state tax filing 2012 online TaxFax Service. Free federal and state tax filing 2012 online Using the phone attached to your fax machine, you can receive forms and instructions by calling 703–368–9694. Free federal and state tax filing 2012 online Follow the directions from the prompts. Free federal and state tax filing 2012 online When you order forms, enter the catalog number for the form you need. Free federal and state tax filing 2012 online The items you request will be faxed to you. Free federal and state tax filing 2012 online For help with transmission problems, call the FedWorld Help Desk at 703–487–4608. Free federal and state tax filing 2012 online Phone. Free federal and state tax filing 2012 online Many services are available by phone. Free federal and state tax filing 2012 online Ordering forms, instructions, and publications. Free federal and state tax filing 2012 online Call 1–800–829–3676 to order current and prior year forms, instructions, and publications. Free federal and state tax filing 2012 online Asking tax questions. Free federal and state tax filing 2012 online Call the IRS with your tax questions at 1–800–829–1040. Free federal and state tax filing 2012 online TTY/TDD equipment. Free federal and state tax filing 2012 online If you have access to TTY/TDD equipment, call 1–800–829–4059 to ask tax questions or to order forms and publications. Free federal and state tax filing 2012 online TeleTax topics. Free federal and state tax filing 2012 online Call 1–800–829–4477 to listen to pre-recorded messages covering various tax topics. Free federal and state tax filing 2012 online Evaluating the quality of our telephone services. Free federal and state tax filing 2012 online To ensure that IRS representatives give accurate, courteous, and professional answers, we evaluate the quality of our telephone services in several ways. Free federal and state tax filing 2012 online A second IRS representative sometimes monitors live telephone calls. Free federal and state tax filing 2012 online That person only evaluates the IRS assistor and does not keep a record of any taxpayer's name or tax identification number. Free federal and state tax filing 2012 online We sometimes record telephone calls to evaluate IRS assistors objectively. Free federal and state tax filing 2012 online We hold these recordings no longer than one week and use them only to measure the quality of assistance. Free federal and state tax filing 2012 online We value our customers' opinions. Free federal and state tax filing 2012 online Throughout this year, we will be surveying our customers for their opinions on our service. Free federal and state tax filing 2012 online Walk-in. Free federal and state tax filing 2012 online You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Free federal and state tax filing 2012 online Some IRS offices, libraries, grocery stores, copy centers, city and county governments, credit unions, and office supply stores have an extensive collection of products available to print from a CD-ROM or photocopy from reproducible proofs. Free federal and state tax filing 2012 online Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. Free federal and state tax filing 2012 online Mail. Free federal and state tax filing 2012 online You can send your order for forms, instructions, and publications to the Distribution Center nearest to you and receive a response within 10 workdays after your request is received. Free federal and state tax filing 2012 online Find the address that applies to your part of the country. Free federal and state tax filing 2012 online Western part of U. Free federal and state tax filing 2012 online S. Free federal and state tax filing 2012 online : Western Area Distribution Center Rancho Cordova, CA 95743–0001 Central part of U. Free federal and state tax filing 2012 online S. Free federal and state tax filing 2012 online : Central Area Distribution Center P. Free federal and state tax filing 2012 online O. Free federal and state tax filing 2012 online Box 8903 Bloomington, IL 61702–8903 Eastern part of U. Free federal and state tax filing 2012 online S. Free federal and state tax filing 2012 online and foreign addresses: Eastern Area Distribution Center P. Free federal and state tax filing 2012 online O. Free federal and state tax filing 2012 online Box 85074 Richmond, VA 23261–5074 CD-ROM. Free federal and state tax filing 2012 online You can order IRS Publication 1796, Federal Tax Products on CD-ROM, and obtain: Current tax forms, instructions, and publications. Free federal and state tax filing 2012 online Prior-year tax forms and instructions. Free federal and state tax filing 2012 online Popular tax forms that may be filled in electronically, printed out for submission, and saved for recordkeeping. Free federal and state tax filing 2012 online Internal Revenue Bulletins. Free federal and state tax filing 2012 online The CD-ROM can be purchased from National Technical Information Service (NTIS) by calling 1–877–233–6767 or on the Internet at www. Free federal and state tax filing 2012 online irs. Free federal and state tax filing 2012 online gov. Free federal and state tax filing 2012 online The first release is available in mid-December and the final release is available in late January. Free federal and state tax filing 2012 online IRS Publication 3207, Small Business Resource Guide, is an interactive CD-ROM that contains information important to small businesses. Free federal and state tax filing 2012 online It is available in mid-February. Free federal and state tax filing 2012 online You can get a free copy by calling 1–800–829–3676 or visiting the IRS web site at www. Free federal and state tax filing 2012 online irs. Free federal and state tax filing 2012 online gov. Free federal and state tax filing 2012 online Prev  Up  Next   Home   More Online Publications