I received form 5498-SA after i filed, do i need to amend? I just received my federal refund today.

[TeresaM · Accepted solution]

Form 5498-SA is a statement of contributions. In the case of employment contribution, the amount shown on 5498-SA should have already been on your W2 so there's no need to enter it anywhere else. The 5498-SA is for your information only; you don't actually enter it directly, so you have no need to amend.

[cdew1]

Hi,

I also found my 5498-SA after I filed my taxes. But what if the amount shown on my W2 doesn't match the amount on my 5498-SA? What then? I have pre-tax HSA contributions taken out of my paycheck by my employer, and my employer matches my contributions. Why don't the amounts on the two forms match? And what does that mean for my taxes?

[BillM223]

The 5498-SA serves the same purpose as the 5498 for IRAs - it reflect activity in same cases over multiple years, in which case, the amounts in various boxes will not match what you think is real life.

For example, the instructions for the 5498-SA state for Box 2: "Enter the total HSA or Archer MSA contributions made in 2023. Include any contribution made in 2023 for 2022. Also include qualified HSA funding distributions (trustee-to-trustee transfers from an IRA to an HSA under section 408(d)(9)) received by you during 2023."

That's three separate amounts being entered in one box on the 5498-SA. So no wonder it is difficult to match this with any single form for 2023.

If you find discrepancies, the first place to go look is in the IRS instructions, because TurboTax has to follow the law and the instructions, with the forms coming in last.

In any case, just put the 5498-SA in your tax file - don't enter anything from the 5498-SA into TurboTax.