What does deduction mean for HSA Summary?

Forum|Forum|7 years ago
June 6, 2019
6 replies
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TurboTax Deluxe Online

Best answer by BillM223

Expert Reviewed

"Deduction" on the HSA Summary screen refers to the amount of contributions that you made to your HSA outside of your employer (i.s., not through the payroll deduction scheme).

This amount will be deducted from your taxable income, appearing on line 12 of Schedule 1 (1040) (for 2019).

"Tax-free employer contributions" refers to the sum of the amount that your employer contributed to your HSA and what you contributed to the HSA through a payroll deduction scheme. This amount is normally the amount on your W-2 in box 12 with a code of "W".

This amount was never included in your wages so it does not appear on the 1040 (but does appear on form 8889).

"Deduction" and "Tax-free employer contributions" added together is normally the total amount contributed to your HSA during the year.

[Edited 3/24/2020 1:21 pm CDT - updated line reference for 2019]

BillM223Answer

Level 15

Expert Reviewed

This amount was never included in your wages so it does not appear on the 1040 (but does appear on form 8889).

"Deduction" and "Tax-free employer contributions" added together is normally the total amount contributed to your HSA during the year.

[Edited 3/24/2020 1:21 pm CDT - updated line reference for 2019]

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maps4you

Level 4

Where is this Deduction value originating from? I don't see it on my W2 or 1099SA) I expected to see either $3450 (self) or $6900 (family) - HSA limits. My deduction shows $1810 not where this is originating from.