I know I doâ¦.. Now as to the myth of distinctively Nova Scotian quilt designs: The quilts made prior to about 1850 in Nova Scotia drew more heavily on the British Isles for inspiration and frequently were indistinguishable from British design.
Health savings account. A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). The funds contributed to an account are not subject to federal income tax at the time of deposit.
Where to Claim the Deduction. Report your tax-deductible HSA contributions on Form 8889, with the total contributions also reported on Form 1040. Financial institutions report HSA contributions using Form 5498-SA, which is sent both to the taxpayer and to the IRS. Reference Material about Health Savings Accounts. Tax law. Internal Revenue Code Section 223.