Form 1098-C for Eugene Oregon 2025

Form 1098-C for Eugene Oregon: What You Should Know

Lane Community College gives a discount of 50% off these forms. See our IRS Tax Prep Companion for help with this form. For this form to be used, the donor must be an individual, charity or church. Form 1098-C is only used for a contribution of a motor vehicle, boat/ airplane, or helicopter, with a value of more than 5,000; or Vehicles, boats and airplanes  All motor vehicles, boat (including watercraft), and helicopters must be purchased, or a donation of them made, on or after the end of the taxable year, but before the beginning of the following taxable year. You must obtain a separate 1098 for each value above 500. Form 709, Employer's Withholding From HSA — Donate — IRS Form 709 — Employer's Withholding — Donate All tax-advantaged healthcare plans including Health Savings Account (HSA) must use the Form 709 Donate form, which includes both medical and nonmedical withholding. Form 720, Nonmedical Withholding from An Employer — Donate — IRS Form 720 — Nonmedical Withholding — A nonmedical withholding (or Non-medical Withholding) is an excise tax on an employer's contributions to an employee's health savings account (HSA). This tax is a separate tax form from the medical withholding tax. Nonmedical Withholding is a separate tax form from the medical withholding rate.  Any contribution by an employer to an employee's individual HSA, other than medical contributions, is subject to nonmedical withholding. The contribution is made at the time it is received by the employee and is added to the employee's salary, unless it is specifically excluded.  Medical-deductible contributions are always treated in the employer's hands as nonmedical contributions; contributions that are considered medical-deductible contribute at the time of receipt. Form 720 — Nonmedical Withholding — Donate — IRS Form 720 — Nonmedical Withholding — For contributions of vehicles, boats, and airplanes to an employer's health savings account (HSA), the tax rate is 2.9%. Form 720 — Nonmedical Withholding — Donate — IRS Form 720 — Nonmedical Withholding — Donate contains the same information as Form 720, except the amount is increased by the difference between gross annual insurable earnings from wages and salary and your gross employer contributions.

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