Form 5498-SA shows your current tax year contributions to your health savings account (HSA). Please use this information to fill out IRS tax form 8889 which is what you’ll need to submit your taxes. To access form 8889 log in at irs.gov and navigate to Forms and Publications.
Here’s what you need to know:
• Box 2 shows your total contributions made for the current tax year including those made in the previous year, if applicable.
• To get your total contributions for the current tax year add Box 2 plus Box 3. Please note if you made any contributions in the current tax year for the previous tax year you need to review your 5498-SA for the previous tax year and subtract that Box 3.
• The Fair Market Value consists of your HSA balance as of December 31 for the current tax year.