There are two tax documents that are important if you have an HSA: 1099-SA and 5489-SA
This tax document is used to report any distributions, or withdrawal of funds from your HSA during the given tax year. All of your distributions from your HSA must be reported on IRS Form 8889 when filing your taxes.
The 5498-SA form reports all contributions to your HSA for the given tax year, including those contributed for the tax year between January 1 and the tax filing date. It is important to know this form is only informational and does not need to be filed with your income tax return. But it’s a great way to make sure you’re taking full advantage of the allowed annual Contributions limits.
How can I access these tax documents?
You can access your tax documents when logged into the HSA Central Consumer Portal or HSA Central Mobile App.
- HSA Central Consumer portal - Visit HSACentral.net and log into the Consumer portal under Access my HSA. Once logged in, type Tax Documents in the HSA Quick Help at the bottom right. A link to your available tax documents will then display.
- HSA Central Mobile App - Log into your HSA Central Mobile app and select Profile. Select Documents and HSA Tax Statements are listed under the Statements section.
What do I need to do with these tax documents?
These tax documents may be downloaded or printed to complete your tax filing. Your 1099-SA tax form must be filed with your tax filing, and the distributions found on your 1099-SA document must also be recorded on the IRS From 8889 when filing. The 5498-SA tax form is for your own informational purposes and does not have to be included in your yearly tax filing. Make sure to consult with your tax professional if you have any questions about these documents.
Why doesn’t my W-2 match the Form 5498.SA?
If the contributions on your W-2 don’t match your 5498-SA, you most likely made after-tax contributions.