Final answer:
The form used by HSA trustees to report a taxpayer's HSA contributions is Form 5498-SA, while taxpayers report these contributions on their tax returns using Form 8889.
Step-by-step explanation:
The form sent or provided online by the health savings account (HSA) trustee to report a taxpayer's contributions to an HSA is Form 5498-SA. When you contribute to an HSA, the trustee or custodian of the HSA must report those contributions to the IRS using this form. It is important to note that this form is for reporting contributions and not distributions. Taxpayers use Form 8889 to report HSA contributions, as well as distributions, on their tax returns.
As an element of fiscal policy, tax forms like the 1040 are critical in the U.S. tax system. They represent a declaration of financial responsibility for households and firms and are used by the government to collect necessary revenues to fund its operations. Remember that tax forms and instructions can change based on updates to the U.S. tax code, potentially affecting both individuals and the broader economy.
The correct form sent or provided online by the health savings account (HSA) trustee to report a taxpayer's contributions to an HSA is Form 5498-SA. This form is sent by the trustee to the taxpayer and the IRS, and it provides information about the contributions made to the HSA during the tax year. It is important for the taxpayer to include this form when filing their taxes to ensure accurate reporting of their HSA contributions.