How do I get my 8889 form?

IRS Form 8889 can be downloaded from IRS.gov at any time. IRS Form 5498-SA is typically available around the end of January. If you contribute in the new year for the previous tax year, you will also get another 5498-SA form in May.

How do I claim HSA contributions on my taxes?

Financial institutions report HSA contributions on IRS Form 5498-SA, which is sent to both the taxpayer and the IRS. You can then report your tax-deductible HSA contributions on Form 8889, with the total contributions transferred to, and reported on, your Form 1040.

Can I file my taxes without 1099 SA?

Yes, you probably need to file an amended return. If you didn’t include your 1099-SA on your return, then you wouldn’t have reported the amount of distributions from your HSA that were for qualified medical expenses. The information reported to you on your 1099-SA is also reported to the IRS.

Who must file Form 8889?

Preparing Form 8889 You must always file a Form 8889 in any year you or an employer contributes money to your HSA or you make withdrawals from the account. The deduction you calculate on Form 8889 is taken on the first page of your income tax return.

How does an HSA affect my tax return?

HSA funds may be used to pay for qualified medical expenses at any time. You are eligible for a tax deduction for additional contributions you made to your HSA even if you do not itemize your deductions. Contributions made to your HSA by your employer may be excluded from your gross income.

Do I need to report HSA contributions on my tax return?

When filing your taxes, you are required to file IRS Form 8889 if you (or someone on your behalf, including your employer) made contributions to your HSA, or if you received HSA distributions for the year.

Do I have to claim my HSA on my taxes?

A health savings account (HSA) is a tax-advantaged savings account available to people enrolled in a high-deductible health plan. The money deposited into the HSA is not subject to federal income tax at the time the deposit is made. Distributions used to pay for qualified medical expenses are tax-free.