After filing my 2024 tax return, I received two checks addressed to myself for medical bills that I paid with my HSA in 2024. My health insurance and the doctor's office ultimately came to the conclusion that I paid more than I needed to pay at the time of payment so that's why they sent me the excess money back.
I called my HSA and was directed to file a withdrawal correction form to put that money back into my HSA for the year that the distribution occurred being 2024. Upon successfully submitting the withdrawal correction, I received a corrected 1099-SA for 2024. Will I need to amend the 2024 return now?
No, in general if there is no change in your tax liability or refund then an amendment is not needed. Form 8889 that is used to report distributions will not match your corrected 1099-SA but should sort itself when the IRS receives the corrected form. Keep the forms for your records should the IRS inquire.
No, in general if there is no change in your tax liability or refund then an amendment is not needed. Form 8889 that is used to report distributions will not match your corrected 1099-SA but should sort itself when the IRS receives the corrected form. Keep the forms for your records should the IRS inquire.
I have already received my refund since I filed a few months ago. Does this change your answer? Thank you very much for your previous response.
I would be because 2 lines on the 8889 will be changing. for an explanation I would merely state that you received a corrected 1099-SA. the only reason is to hopefully stop the IRS from sending you a notice because line 14a will now differ from what you filed.
the other option is to do nothing and wait to see if you get an IRS notice and then file whatever is requested.
No, presuming nothing else is different about the qualified medical distribution. No need for amendment if no change in liability/refund in your circumstance.
The IRS matches forms. They will receive the form and make the adjustment. Keep form for your records, but an amendment is unneeded.
@beyondbackpack
Here's a handy IRS tool to help you determine if you need to file an amendment. Should I file an amended return?