You need to report your HSA contributions and withdraws on IRS Form 8889. The IRS Form 8889, Health Savings Accounts (HSAs) is fairly straightforward. But let’s cover some key aspects of this ...

This form documents HSA withdrawals. It’s sent to HSA users at the end of January, already filled out by the HSA custodian and should be used to help complete IRS Form 8889.

This form details HSA distributions for the year. You must use the information on Form 1099-SA to complete IRS Form 8889. You’d then include this with your Form 1040 when you file your taxes.

HSA distributions are reported to the account owner on Form 1099-SA. This form is issued by the financial institution. Form 8889 must be filed with your annual Form 1040 federal tax filing if you make ...

If you take a distribution, your HSA provider will send you tax Form 1099-SA. Be prepared to report everything with Form 8889. If anything doesn't match, resolve it before filing your taxes.

The Form 8889 is filed by HSA hol. Skip to main content January 05, 2025 Volume XV, Number 5. Legal Analysis. Expertly Written. Quickly Found. Login. Publish / Advertise. Publish ...

You also need to submit Form 8889 with your tax return. So, it might be wise to put more money into your HSA before the 2023 HSA contributions deadline if you haven't already reached the limit.

The penalty increases from 10 percent to 20 percent beginning with the 2011 tax year and is calculated on IRS form 8889, which HSA account holders are required to complete.

Question from Jim February 26, 2009 at 12:42pm Kathy, Do I need a 1099r to show an ira to hsa funding distribution? State Farm says no because it was a trustee to trustee transfer. My tax program ...

Most HSA administrators automatically generate the forms your employees will need to file their tax returns, including IRS Form 5498-SA, which reports contributions, and Form 1099-SA, which ...