Get the free Form 5498-MSA
Show details
This form provides information regarding contributions made to a Medical Savings Account (MSA) or Medicare+Choice MSA including details on deductions, rollovers, and fair market value of the accounts
We are not affiliated with any brand or entity on this form
Get, Create, Make and Sign form 5498-msa
Edit your form 5498-msa form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your form 5498-msa form via URL. You can also download, print, or export forms to your preferred cloud storage service.
Editing form 5498-msa online
To use our professional PDF editor, follow these steps:
1
Set up an account. If you are a new user, click Start Free Trial and establish a profile.
2
Upload a document. Select Add New on your Dashboard and transfer a file into the system in one of the following ways: by uploading it from your device or importing from the cloud, web, or internal mail. Then, click Start editing.
3
Edit form 5498-msa. Add and replace text, insert new objects, rearrange pages, add watermarks and page numbers, and more. Click Done when you are finished editing and go to the Documents tab to merge, split, lock or unlock the file.
4
Get your file. Select the name of your file in the docs list and choose your preferred exporting method. You can download it as a PDF, save it in another format, send it by email, or transfer it to the cloud.
It's easier to work with documents with pdfFiller than you can have ever thought. You can sign up for an account to see for yourself.
Uncompromising security for your PDF editing and eSignature needs
Your private information is safe with pdfFiller. We employ end-to-end encryption, secure cloud storage, and advanced access control to protect your documents and maintain regulatory compliance.
How to fill out form 5498-msa
How to fill out Form 5498-MSA
01
Obtain Form 5498-MSA from the IRS website or your tax professional.
02
Enter your name and address in the designated sections.
03
Provide your Social Security Number (SSN) in the required field.
04
Fill in the type of account you have (Medical Savings Account).
05
Report the contributions made to your MSA for the tax year.
06
Include any rollover contributions from other MSAs.
07
Indicate the fair market value of your MSA account at the end of the tax year.
08
Review all information for accuracy before submitting.
09
Send the completed form to the IRS and keep a copy for your records.
Who needs Form 5498-MSA?
01
Individuals who have a Medical Savings Account (MSA) need Form 5498-MSA to report contributions and account balances.
Fill
form
: Try Risk Free
People Also Ask about
What is a 5498 MSA?
Form 5498-SA - Contributions to an Archer MSA, MA MSA, or Health Savings Account. Form 5498-SA HSA, Archer MSA, or Medicare Advantage MSA Information reports contributions to an Archer MSA, an MA MSA, or an HSA.
Why did I receive a form 5498?
If you contributed to an IRA during a particular tax year, you should receive Form 5498 from the financial institution that holds your plan. This form's job is to tell the IRS how much you contributed, an important detail if you're eligible for a deduction.
Why did I receive a form 5498?
When you save for retirement with an individual retirement arrangement (IRA), you probably receive a Form 5498 each year. The institution that manages your IRA is required to report all contributions you make to the account during the tax year on the form.
Do I need to report form 5498 on my tax return?
You aren't required to do anything with Form 5498 because it's for informational purposes only. Please be sure to keep this form for your records as you'll need this information to calculate your taxable income when you decide to take distributions from your IRA.
What is MSA on a tax return?
A Medical Spending Account is an IRS tax-favored account that allows you to set aside money from your paycheck pretax to pay for out-of-pocket health care expenses such as copayments, coinsurance and deductibles. How does an MSA work?
Are MSA contributions taxable?
Contributions to HSAs and MSAs are tax-deductible and the unspent balances can rollover indefinitely from year to year. Distributions from HSAs and MSAs that are not used for qualified medical expenses are subject to income tax and an additional 20% tax.
Do I need to report form 5498 on my tax return?
You don't have to file this form with your tax return. The financial institution that issued it will share this information with the IRS. Form 5498 can help you keep track of contributions you've made to a traditional IRA, Roth IRA, SEP IRA, or SIMPLE IRA.
What is MSA on tax return?
A Medical Spending Account is an IRS tax-favored account that allows you to set aside money from your paycheck pretax to pay for out-of-pocket health care expenses such as copayments, coinsurance and deductibles. How does an MSA work?
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What is Form 5498-MSA?
Form 5498-MSA is a tax form used to report contributions to a Medical Savings Account (MSA). It helps the IRS track contributions made during the year.
Who is required to file Form 5498-MSA?
Form 5498-MSA must be filed by the trustee or custodian of the Medical Savings Account. Individuals who contribute to an MSA do not file this form themselves.
How to fill out Form 5498-MSA?
To fill out Form 5498-MSA, the trustee or custodian should provide information including the account holder's name, address, and Social Security number, along with details of contributions made during the year.
What is the purpose of Form 5498-MSA?
The purpose of Form 5498-MSA is to report contributions made to a Medical Savings Account and to ensure that individuals meet eligibility requirements for tax benefits associated with MSAs.
What information must be reported on Form 5498-MSA?
The information that must be reported on Form 5498-MSA includes the account holder's details, the total contributions made to the MSA, and any completed rollovers or transfers.
Fill out your form 5498-msa online with pdfFiller!
pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.
Form 5498-Msa is not the form you're looking for?Search for another form here.
Relevant keywords
Related Forms
If you believe that this page should be taken down, please follow our DMCA take down process
here
.
This form may include fields for payment information. Data entered in these fields is not covered by PCI DSS compliance.
