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Get your taxes done using TurboTax
It is common practice that employers enter both the employee payroll contribution and employer contributions with code W in box 12.
The most common error I see when entering HSA contributions are double reporting. Typically, these payroll contributions are reported on your W-2 in box 12 with code W. If that is the case, no other contribution needs to be reported in the software.
Under the Deductions & Credits menu, confirm the following:
- Expand the menu for Medical
- Click Start/Revisit next to HSA, MSA Contributions
- Confirm the account ownership and click Continue
- Continue in through the screens until you reach Let's enter your HSA contributions
- Stop here. If all of your contributions were through payroll deductions and reported on your W2, do not enter anything on this screen. If that is the case, either leave the box empty or type $0 in the box next to Any contributions you personally made
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March 24, 2020
6:29 PM