What is the Form 5498-SA?
The Form 5498-SA is an IRS tax form used to report contributions made to Health Savings Accounts (HSAs), Archer Medical Savings Accounts (MSAs), or Medicare Advantage MSAs. The form is issued by the trustee or custodian of these accounts and includes details such as the total contributions for the year, rollover amounts, and any required minimum distributions. The Form 5498-SA must be filed by May 31 of the year following the tax year in which the contributions were made, and it is sent to both the account holder and the IRS for informational purposes.