What to Do with HSA 5498?

If you have received an HSA 5498 form, you may be wondering how to proceed with it. An HSA 5498 form is used to report contributions made to your Health Savings Account (HSA) during the tax year. Here is what you need to know about it:

First and foremost, make sure to keep the HSA 5498 form for your records. It is essential documentation for tax purposes, especially when filing your taxes.

Some actions you can take with your HSA 5498 form include:

• Reviewing the contributions reported on the form to ensure accuracy
• Using the information to complete your tax return
• Comparing the contributions with your own records to make sure they match

Receiving an HSA 5498 form can be a bit confusing, but it plays a crucial role in understanding your Health Savings Account contributions. This form reports all contributions made throughout the tax year, and keeping it is vital for your financial records.