Just be aware that Box 2 on Form 5498-SA will include all amounts contributed in 2020, regardless of the tax year to which they were applied, so your W-2 should be the source for your pre-tax contribution amount on your taxes. Your W-2 will be distributed to you by your employer or payroll company.
What is Box 2 on form 5498-SA?
Box 2: This box shows the total contributions made in 2020 to your HSA. Important: This includes any IRA-to-HSA transfers and any contributions made in 2020 for 2019.
What is the difference between Form 1099-SA and 5498-SA?
IRS form 1099-SA shows the amount of money you spent from your HSA during the tax year. IRS form 5498-SA shows the amount of money deposited into your HSA for the tax year. IRS form 8889 is the form you fill out and submit with your tax return.
What do you need to know about form 5498-sa?
Form 5498-SA is an informational tax form related to Health Savings Accounts. It is provided by your HSA Trustee (or Custodian) and the IRS requires it be sent to you each year that you make contributions to your HSA. It provides the “official” accounting of your HSA for the year and documents:
What is Box 2 on the HSA 5498-sa?
Box 2 on the 5498-SA is 1. the sum of all contributions made in 2019 (both Code W and direct contributions) 2. any contributions that you made in 2019 for 2018 3. also includes any trustee to trustee transfers from an IRA to the HSA.
Where to find 1099-sa and 5498-sa instructions?
For the latest information about developments related to Forms 1099-SA and 5498-SA and their instructions, such as legislation enacted after they were published, go to and In addition to these specific instructions, you should also use the 2021 General Instructions for Certain Information Returns.
Why does my 5498 SA not match my W2?
First, box 2 on the 5498-SA often does not match the code W amount in box 12 on the W-2. So the IRS will not flag two different numbers as a problem. The code W amount on box 12 on your W-2 includes what your employer contributed in 2019 PLUS what you contributed through payroll deduction in 2019.
