IRS form 1099-SA shows the amount of money you spent from your HSA during the tax year. IRS form 5498-SA shows the amount of money deposited into your HSA for the tax year.

Does form 5498-SA go on tax return?

While IRS form 1099-SA tracks disbursements from Health Savings Accounts (HSA) and Medical Savings Accounts (MSA), form5498-SAtracks contributions to those same accounts. This is an informational form only and doesn’t need to be filed with your income tax return.

Do you need to report 5498-SA?

Am I required to report information contained in Form 5498-SA on my federal tax return? No. Report all contributions (employee, employer, and other third-party contributions) to your Fidelity HSA on IRS Form 8889, “Health Savings Accounts (HSAs),” and file it with your IRS Form 1040.

Do I have to report 1099-SA?

You should receive Form 1099-SA in the mail. You do not need to submit it when you file your tax return, but you should hold onto it for your records.

Where can I find form 1099-sa and 5498-sa?

Due to the very low volume of paper Forms 1099-SA and 5498-SA received and processed by the IRS each year, these forms have been converted to an online fillable format. You may fill out the forms, found online at and and send Copy B to the recipient.

When does HSA send out form 5498-sa?

Each year, HSA providers are required to send a copy of Form 5498-SA to all HSA accountholders (unless the accountholder took all the funds out of their HSA that year and didn’t make any contributions). Form 5498-SA is sent out by the beginning of June.

What do you need to know about 1099-sa?

File Form 1099-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA, to report distributions made from a health savings account (HSA), Archer medical savings account (Archer MSA), or Medicare Advantage MSA (MA MSA). The distribution may have been paid directly to a medical service provider or to the account holder.

When to report a mistaken distribution on 1099-sa?

Do not report the mistaken distribution on Form 1099-SA. Correct any filed Form 1099-SA with the IRS and the account beneficiary as soon as you become aware of the error. See Corrected Returns on Paper Forms in the 2019 General Instructions for Certain Information Returns for more information.