Form 5498-SA Instructions & Tax Reporting Pointers
The 5498-SA is used to report total contributions to a Health Savings Account (HAS) (including transfers and rollovers) or Archer Medical Savings Account (MSA) and the fair market value (FMV) of an HSA, Archer MSA, or Medicare Advantage MSA (MA MSA).
Applicable entities: Trustee or custodian of a HSA, Archer MSA, or Medicare Advantage MSA that maintained an HSA, Archer MSA, or MA MSA. A separate form is required for each type of plan.
When to file: On or before May 31
How to file: Electronically to IRS
NOTE: When the due date falls on a weekend or legal holiday, the form due date is moved to the next business day.
Who: Trustee or custodian of a Health Savings Account (HSA), Archer Medical Savings Account (Archer MSA), or Medicare Advantage MSA (MA MSA) that maintained an HSA, Archer MSA, or MA MSA.
When: 5498-SA forms must be furnished to recipients by May 31 and e-filed by the IRS by May 31 each year.
Where: To the IRS
Why: File Form 5498-SA to report total contributions to an HSA (including transfers and rollovers) or Archer MSA and the FMV of an HSA, Archer MSA, or Medicare Advantage MSA.
Free to try.
You only pay when you're ready to file.
