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Deductions & credits
OMG! That is SO helpful! I thought I wouldn't have a chance finding someone that understood without talking to an actual person! And let me tell you how much that was NOT working out for me! I couldn't get the person that called me back to understand that my question really WAS a question about personal taxes and not business. She ended up h
And to top that off - you shared a bonus! I was not sheltering from FICA and Medicare.
As a resolution, I entered my contributions on the window that you show - so essentially I had numbers in both both places (because I did everything through my payroll check). The top line had two years worth because last year was the first year we had an HSA, and I put the full amount possible on the prior year. This caused me to have to increase my excess, but I know have an8889-T pushing over the full amount to line 25 of my 1040. Woo-Hoo!
Should I not print a W code on line 12 of my W2? Thinking that thru, it seems I should keep it there if I'm sheltering my FICA.
And to top that off - you shared a bonus! I was not sheltering from FICA and Medicare.
As a resolution, I entered my contributions on the window that you show - so essentially I had numbers in both both places (because I did everything through my payroll check). The top line had two years worth because last year was the first year we had an HSA, and I put the full amount possible on the prior year. This caused me to have to increase my excess, but I know have an8889-T pushing over the full amount to line 25 of my 1040. Woo-Hoo!
Should I not print a W code on line 12 of my W2? Thinking that thru, it seems I should keep it there if I'm sheltering my FICA.
‎June 6, 2019
12:08 PM