Form 5498-SA is an informational tax form related to Health Savings Accounts. It is provided by your HSA Trustee (or Custodian) and the IRS requires it be sent to you each year that you make contributions to your HSA. It provides the “official” accounting of your HSA for the year and...
Since contributions for 2023 can be made to HSAs up until the federal tax deadline, HSA administrators aren't required to send out Form 5498-SA, which is an informational document showing your total contribution amount, until May. If you have an online account, however, you should be able...
Tax Time You’ll receive a 5498-SA from your HSA custodian showing how much you contributed. A 1099-SA will be issued if you took distributions from your account. You or your accountant will need to file IRS Form 8889 documenting your contributions, your employer’s contributions, any distrib...
The institution reports contributions by the taxpayer on Form 5498-SA, HSA, Archer MSA, or Medicare Advantage MSA Information. HSA's supplant Archer MSAs, which provided similar tax benefits.The HSA must be set up by year-end, but it can be funded until the earlier of when your tax ...
t get a 5498-SA form if you didn’t have contributions and your balance was zero dollars at the end of the year. You must report contributions from your HSA on IRS Form 8889. Get 5498-SA information in the"If I don’t have a 5498-SA, how can I get my contributions by tax year...
Form 5498-SA notifies the IRS of contributions made to your HSA during the tax year. ACS|BNY Mellon will send the appropriate form(s) to you with instructions regarding the forms. These forms are also available online. Note: You will use IRS Form 1040 for your HSA contributions, not the...
It may happen that the HSA plan will issue 5498-SA with the double contribution counted and a 1099-SA for the withdrawal, in which case the withdrawal code should be "2" for excess contribution. Since there were no earnings, no taxes should be due. If W2 is incorrect...
1.Guide to Sample Filled-In Form 5498-SA (251)2.Sample Filled-In Form 5498-SA ...252G.Sample Filled-In Forms 5329 and 8889 1.Guide to Sample Filled-In Forms 5329 and 8889 (261)2.Sample Filled-In Forms 5329 and 8889...263*Updated item for 4th Qtr. 2016.© 2016 Thomson Reuters...
The custodian must file Form 1099-SA showing a distribution of excess contributions and correct your Form 5498-SA, which shows annual HSA contributions. Another option to correct excess HSA contributions is to apply them to a future year. While rolling over funds to the next year is easy, ...
Your total (gross) Archer or Medicare Advantage MSA distributions for the year will be reported to you on Form 1099-SA. When you file your tax return, you must report all distributions from your HSA - and contributions to your HSA - on Form 8853 -eFileIT, which can be e-filed with yo...