IRS Tax Forms and Filing Requirements for HSAs

HSA participants must report all contributions and non-qualified withdrawals to file tax forms with the IRS each year. All non-qualified withdrawals of HSA funds are subject to taxes, and for most people, a 20% penalty. However, the penalty does not apply to individuals who are 65 or older, disabled, or deceased (i.e., the funds are passed to a beneficiary).


Form 1099-SA

Form 1099-SA is used to report on the disbursements that were made to an individual’s HSA plan for a given tax year. HSA providers will provide HSA participants one Form 1099-SA... Learn more

Form 5498-SA

Form 5498-SA is used to report on the contributions that were made to an individual’s HSAplan for a given tax year. HSA provider will send the form by May 31st of each year to p... Learn more

What is IRS Form 8889?

Form 8889 reports HSA contributions, distributions and deductions, and must be filed with the IRS before contributions to an HSA can be declared as deductions on tax returns. Fo... Learn more

How do I correct errors on HSA tax forms?

For errors in the HSA forms provided after the end of each tax year, please contact Avidia Bank at (800) 508-2265. Learn more

How do I download Forms 1099-SA and 5489-SA from Avidia Bank?

Employees with an HSA through Avidia can download PDFs of their HSA tax forms in the Flex Benefits Portal. Download HSA Tax Forms From your Zenefits dashboard, click on ... Learn more

How can I receive HSA tax forms by mail from Avidia Bank?

By default, Avidia Bank provides HSA tax forms electronically. Employees can opt in to receive HSA tax forms by mail through the Zenefits Flex Benefits portal. Recommende... Learn more

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