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Level 2
March 22, 2020
Solved

Form 8889

My W-2 shows a total of $4,500 contributed to my HSA.  $4,000 of this was contributed by me personally, and $500 by my employer.  TT is picking up the entire $4,500 from the W-2 as an employer contribution and will not allow me to indicate that $4,000 of that was my contribution personally, so it is calculating my deduction for the HSA as 0 when I should be getting a deduction of $4,000 (I am over 55).  How can I correct this?  There is a question that asks if I put any money in personally, but if I put $4,000 in that box, it still shows $4,500 contributed by my employer and thinks I overcontributed by $4,000.

    KathrynG3
    KathrynG3Answer
    Alumni - Intuit
    March 22, 2020

    No, you do not need to separate the amount paid by the employer from the amount paid by you. You are entitled to the full $4,500 on Form 8889. However, since these were reported on Form W-2, they are considered to have been contributions made pre-tax. There is not additional deduction for the contribution.

     

    See the article for more details: What is a health savings account (HSA)?

    2 replies

    KathrynG3
    KathrynG3Answer
    Alumni - Intuit
    March 22, 2020

    No, you do not need to separate the amount paid by the employer from the amount paid by you. You are entitled to the full $4,500 on Form 8889. However, since these were reported on Form W-2, they are considered to have been contributions made pre-tax. There is not additional deduction for the contribution.

     

    See the article for more details: What is a health savings account (HSA)?

    SC1959Author
    Level 2
    March 22, 2020

    Oh, I see!  Thank you for explaining this to me!