Yes, an entry in box 12 with a W means your employer contributed to an HSA on your behalf.
If that's not true, your employer needs to correct your W-2 form.
If your employer contributed to an HSA on your behalf and you have a high deductible health plan (HDHP) though your job, you just need to answer the questions in the HSA section to get rid of the penalty.
Here's how to do that:
- Open your tax return.
- Select Deductions & Credits.
- Scroll down to Medical, select Start to the right of 1099-SA, HSA, MSA.
- Answer the questions according to your situation.
- You will be asked about the accounts you have, your 1099-SA, and your HDHP coverage.
- Keep going until you have answered all of the questions in the section.
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