USB Tax Form Checklist - HSA

Sep 19, 2026

Upload by Mimi

Tax form checklist tailored for health savings account (HSA) holders, outlining which IRS forms are received from Optum Bank and when, as well as which federal income tax forms must be obtained for reporting. Covers IRS Form 1099-SA and 5498-SA issuance conditions, the role of Form 1040 and attachment of Form 8889, and when Form 5329 is required for excess contributions. Includes key reporting points and processing notes, plus an IRS Publication 969 and IRS forms resources reference.

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CategoryForms

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Optum Bank forms for HSAs

IRS Form 1099-SA

IRS Form 5498-SA

Federal income tax forms to obtain

IRS Form 1040

IRS Form 8889

IRS Form 5329

Important notes and resources

Tax form checklist for your HSA As the tax season approaches, you may be asking yourself what you, as a health savings account (HSA) account holder, need to do differently when completing your tax forms. This checklist will help simplify what forms you should be aware of and what information will be required. | You will receive the following forms from Optum Bank: | | Received | | --- | --- | --- | | IRS Form 1099-SA
Available online January 31 | This form is only provided if you used funds out of your HSA in the prior year (includes rollover distributions) . | | | IRS Form 5498-SA
Available online January 31 and May 31 | This form is only provided if you contributed funds to your HSA in the prior year (includes rollover contributions) . If you make additional contributions in the current year for the prior tax year, which is allowed up until the tax filing deadline (typically April 15), you will receive a second form. Note: if you contributed more than the allowed amount, the correction will appear in your distributions amount on Form 1099-SA. | | | | | | | When completing your federal income taxes, you must obtain the following forms: | | Received | | IRS Form 1040 | • Reports deductions for individual contributions
• Reports taxable non-medical HSA distributions
• Reports any 6% excise tax on excess contributions not withdrawn
• Reports any 20% excise tax for non-medical distributions | | | IRS Form 8889
(attach to Form 1040) | • Reports HSA contributions (by you, others and/or your employer); you must include all prior year contributions even if they are made in the current year
• Reports HSA distributions (medical, non-medical, rollovers, withdrawals for excess contribution)
• Reports HSA you acquire upon death of HSA owner
Note: If married, you must complete separate Form 8889 for each spouse’s HSA. | | | IRS Form 5329
(attach to Form 1040) | This form only applies if you reported excess contributions not withdrawn prior to the tax filing deadline. | | This checklist is not intended as tax or legal advice and it cannot be relied upon as such. Additional forms may be required for federal or state tax purposes. For more information on HSAs and tax or reporting requirements, please refer to IRS Publication 969. For copies of IRS forms and instructions, please visit the IRS website at [irs.gov/formspubs](irs.gov/formspubs). Health savings accounts (HSAs) are individual accounts offered or administered through Optum Bank®, Member FDIC, a subsidiary of Optum Financial, Inc., and are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties. Optum Financial, [Inc. is](Inc. is) not a bank or an FDIC insured institution. State taxes may apply. Fees may reduce earnings on account. This communication is not intended as legal or tax advice. Federal and state laws and regulations are subject to change. © 2022 Optum, Inc. All rights reserved. WF4807534_ 50691B-072021 OHC

FAQs

Which forms does HSA account holders receive from Optum Bank, and when are they available?

Optum Bank provides IRS Form 1099-SA and IRS Form 5498-SA online, typically available January 31 (and Form 5498-SA also May 31). Form 1099-SA is provided if HSA funds were used in the prior year, while Form 5498-SA is provided if funds were contributed in the prior year.

What does IRS Form 8889 report on a federal tax return?

IRS Form 8889 reports HSA contributions and HSA distributions, including medical, non-medical, rollovers, and withdrawals for excess contributions. If the HSA is acquired upon the death of the owner, it must also be reported, and married taxpayers must complete separate Form 8889 for each spouse’s HSA.

When is IRS Form 5329 required for HSA tax reporting?

IRS Form 5329 applies when excess contributions were reported but not withdrawn prior to the tax filing deadline. It is attached to Form 1040 for that situation.

Sep 19, 2026

Upload by Mimi