NY Form 8917 2019-2025

NY Form 8917: What You Should Know

No other form is required of you. If you are self-employed, only the Form 1099-SS (shorthand for Form 1099-SA) is required. The self-employed can use their self-employment income on line 1 of Form 1040 (or line 15 of Form 1040A), instead of claiming the standard deduction. To verify your estimated health care cost, please use the online calculator and enter a figure for your self-employment cost. If you do not calculate your cost, you can use the self-employment costs table. Please note that the costs' calculator is updated daily and may not include recent medical expenses, so please call to verify amounts. You can also call your  health plan provider's telephone line for a copy of your premium. How to Report HSA Contribution to Form 1040 To report the HSA contribution in 2015, you must be reported each tax year on Form 1040, line 30. Form 1040, Schedule C, and line 35 are not used for HSA reporting in 2. Example: The following is an example and does not apply to you. You are a self-employed individual. On January 2, you enroll your HSA in your health plan. Your HSA contribution for 2025 is 8,500 (500 from you and 5,000 from your employer). This would be shown on line 30 and 35 of Form 1040. The contributions to HSA accounts (including employers' contributions and your own contribution) must be reported on line 30 and 35 of Form 1040. See IRS Publication 535 for more information. The HSA contributions can be shown on line 29 of Form 1040, Schedule A, and on line 35A of Schedule A(b) for 2016. Please note that HSA contributions are not included on line 15, with code F (Form 1040), for self-employment income on line 14 only. What is Medical Expense Deduction on Form 1040? Medical expenses are not deductible on Schedule A and are not reported on line 15 of Form 1040 or Line 28 of Form 1040A. As a result, you must itemize on Schedule SE when you file your federal income tax return for 2016, 2017, and 2018. See the Instructions for Schedule SE (Form 1040). Form 1040, Schedule SE, and Line 28 can only be changed by the filing individual.

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