@opies and @acemall You are correct. HSA contributions are not taxable but there are a few steps that need to be completed in TurboTax.
The IRS wording is confusing. Box 12W is "Employer contributions to Health Savings Account." This includes your contributions and your employer's contributions. If your employer did not contribute anything, Box 12 is the amount of your contributions made through your employer's payroll.
TurboTax will include the Box 12 W amount in income unless you complete the questions about having a high deductible health plan.
- Type 1099-sa in Search in the upper right
- Select Jump to 1099-sa
- Click Edit on Your HSA summary
- On Tell us about the health-related accounts you had in 2020 select Health Savings Account (HSA)
- Answer all the questions. Make sure to tell TurboTax that you were covered by a High Deducible Health Plan (HDHP) in 2020.
- When you are done, TurboTax should take you back to the HSA summary and your Box 12W contributions will not be included in income.
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