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VA online Form 8848: What You Should Know
The form should be attached to your tax return. Form 8853 (Form #8853-1 or Form 8853-2) Form A Form 8993 (Statement of Qualifying Events or Events of a Tax Time Period) form can also be used. Do not enter a Form 8853 for any other nonqualified contributions. Form 8853 should be used only for qualified contributions to a qualified retirement plan, including 403b plans and 457 plans. Qualified contributions are those that are used to pay qualified costs of acquiring or maintaining a retirement plan. Qualified costs include qualified medical and other insurance premiums, contributions to employee stock purchase plans or plans to provide deferred compensation benefits, and contributions to an IRA, Keogh, or SIMPLE IRA. If you are eligible for any of the tax deferral credits discussed above, your contribution is not subject to tax. It is a qualified contribution if you are an individual who was receiving qualified retirement benefits at the end of the tax year in which you made your contribution--including amounts from Section 401(k) plans, 403b plans, and 457 plans in excess of 10,000 or 20,000. Qualified retirement benefits include, but are not limited to, cash or deferred compensation. They generally do not include annuities, life insurance, pensions, profit sharing, or employer provided retirement plans. For more information, please see our Form 8853 webpage, located near the top of this page. Form 8993 (Statement of Qualifying Events). Attachment. Attachment. You will need to attach this form to your tax return. Forms 8993 (Statement of Qualifying Events) Attachment. If you received a Form 8993 (Statement of Qualifying Events or Events of a Tax Time Period), do not use it to claim a tax credit for contributions that were not qualified at the time the claim is received. If you receive your Form 8853 (Form #8853-1 or Form 8853-2) and an 8993 (Statement of Qualifying Events or Events of a Tax Time Period), enter the number that is used on Form 8993.
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