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  • HSA Tax Forms

    Hi Everyone,

     

    2016 was the first  year I contributed to an HSA. Are there any specific tax forms that need to be completed when filing my personal 2016 taxes? I was told I have to report contributions on form 8889 and claim deduction on form 1040.

     

    Thanks!

  • #2
    Yes, you will receive a form 5498-SA showing contributions to your HSA and a 1099-SA showing distributions for your HSA, coded for the type of distribution.

    You'll complete form 8889 and your deduction will carry to the front page of your 1040 as an "above the line" deduction.
    Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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    • #3
      perfect! Thanks for your help!

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