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Level 1
Jan 31, 2026 2:46 AM UTC
Question

HSA

question on HSA - on the W2 form, Box 12 Code W reports the amount of HSA for the year - it seems that TurboTax is not treating this amount as tax-deferred, it is treating it as taxable income, and increases my tax liability - is this an error?

    1 reply

    Level 15
    Jan 31, 2026 3:02 AM UTC

    The amount in box 12 has already been deducted from your income so you have already received the tax benefit.