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Deductions & credits
If all of your contributions were reported on your W-2, do NOT enter an additional contribution in that HSA section. Usually, your HSA contribution is reported in box 12 of your W-2 with the code W (Company Contributions to Health Savings Account). TurboTax automatically records this amount in the 1099-SA, HSA, MSA section.
Code W reports the combined HSA contributions from you and your employer. So if you contributed $1,500 to your HSA and your employer matched it dollar for dollar, box 12 on your W-2 would show $3,000 with a code W. If you entered an additional contribution in that section, go back and delete it.
Why am I showing an excess HSA contribution?
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‎February 26, 2024
5:55 PM