The IRS recently released the 2022 Instructions for Forms 1099-SA and 5498-SA. The Form 1099-SA is used to report distributions from health saving accounts (HSAs) and other medical savings accounts. The 5498-SA reports contributions to these accounts for the applicable tax year.
The IRS updates the form instructions annually to incorporate any recent administrative, reporting or regulatory changes. The 2022 instructions reflect no significant changes.
HSA custodians are responsible for filing the forms with the IRS and providing copies to accountholders. However, employers who offer HSAs should be aware of the updated publication.
2022 Instructions for Forms 1099-SA and 5498-SA »
PPI Benefit Solutions does not provide legal or tax advice. Compliance, regulatory and related content is for general informational purposes and is not guaranteed to be accurate or complete. You should consult an attorney or tax professional regarding the application or potential implications of laws, regulations or policies to your specific circumstances.
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