I've spent hours trying to figure this out. My employer contributed (including my portion) $1937 to my HSA.
My husband was on my High Deductible plan also. The W2 used box14 as "other" to reflect total of employee paid health insurance and employee HSA contribution ($2524). 5498 shows contribution as $1937 (which is correct). Boxes 1,3,5 reflect wages excluding employer/employee HSA contribution.
In Turbo tax, when I entered this amount in "did your employer tell you about other contributions.
| Employer and payroll contributions not reported in Box 12 of your W-2 |
, my tax owed goes from $57Fed/$75 State (CA) to $259FED/$255 State.
I've answered the interview questions, Not on medicare, yes High deductible plan, yes all 2018 for both husband and self.
Please help me understand what I'm missing here.
I had an excess contribution of $674 (personal contribution $6637), but even if I enter $5963 for personal contribution, that only affects federal by $40 (6% penalty)
That's $382 additional for both federal and state). Top tax bracket is 24% federal/9.3% CA state)
