Drag and drop the file from your device or add it from other services, like Google Drive, OneDrive, Dropbox, or an external link. Edit 2023 Form 5498-SA. Quickly add and highlight text, insert pictures, checkmarks, and symbols, drop new fillable areas, and rearrange or delete pages ...
By accurately reporting distributions from an HSA on Form 5498-SA, individuals can ensure compliance with IRS regulations and establish a clear record of how HSA funds were used. This documentation is critical in case of an audit or in circumstances where proof of medical expenses is required. I...
You need to reference Form 5498-SA when you completeForm 8889, which is the tax form required for Health Savings Accounts (see article:How to File Form 8889). Box 2 is key as it describes all contributions made to your HSA during the year. You will use this number on Line 2 of Form...
If you do receive Form 5498-SA, you're not required to file it with your taxes. The final section on Form 8889 is where you report any qualified funding distributions—aka rollovers—that you made from a traditional or Roth IRA to an HSA and calculate additional taxes that may be owed ...
Lively · May 9, 2024 · 3 min read On May 9, 2024 the Internal Revenue Service announced the HSA contribution limits for 2025. For 2025 HSA-eligible account holders are allowed to contribute: $4,300 for individual coverage and $8,500 for family coverage. If you are 55 years or older...