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HSA Tax Time Tips

HSA Tax Time Tips

Those with an HSA have to take a few additional steps when filing taxes. Follow our checklist to ensure you don’t miss anything.

 

If you have an HSA, before you file taxes:

  • Check your payroll contributions on  your W-2.
  • If you added funds, collect your 5498-SA form for contributions.
  • If you spent funds, collect your 1099-SA form for distributions.
  • Use Form 8889 to report contributions and distributions.
  • Fill out Form 1040 using Form 8889.
  • Make sure to complete additional HSA contributions before April 1.
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