Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Health Savings Accounts (HSA)



At the end of this lesson, using your resource materials, you will be able to:

  • Define an HSA and other tax-favored arrangements
  • Determine eligibility to contribute to an HSA
  • Calculate the limits on contributions to an HSA
  • Identify information documents, Forms 5498-SA, W-2, and 1099-SA, used in reporting contributions and distributions
  • Determine when and how to report HSA contributions on Form 8889 and calculate the tax deduction, if any
  • Determine when and how to report HSA distributions on Form 8889
  • Explain the effect of distributions not used for qualified medical expenses

Estimated time to complete: 2 hours