There is a way to handle the situation on your 2024 tax return.
If the last contribution was reported on your W-2 in box 12 with code W, report the information shown on your W-2 just as it appears.
Then, follow these steps:
- Go through the Deductions and Credits > Medical > 1099-SA, HSA, MSA section of your return. Here you will indicate who owns the HSA account and go through the questions in this section.
- Be sure to answer 'yes' to the question about any contributions made in 2024.
- Then there will be a question that says "Did your employer tell you about any other contributions?" Answer 'yes'.
- Then enter the amount reported on your W-2 in the box beside Employer and payroll contributions made in 2024 for tax year 2023.
- Finish the rest of the section according to your situation.
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