What are the IRS reporting requirements for HSAs?

HSA contributions are reported on IRS Form 5498-SA. Rollover amounts and the year-end fair market value are reported on this form as well. This form is required to be filed with the IRS and sent to the HSA owner by May 31 of the following year.

 

HSA distributions are reported on IRS Form 1099-SA. This form is required to be sent to the recipient by January 31 and to the IRS by February 28 of the year after distributions are made.