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Retirement tax questions
What you need to understand is that your employer owes you a corrected W-2.
It often happens that employers misread the paragraph below to mean that any Section 125 program should be coded with a W in box 12 on your W-2. That is simply not true.
Please talk to your employer and show them this extract from the W-2 Instructions (page 20):
Code W—Employer contributions to a health savings account (HSA). Show any employer contributions (including amounts the employee elected to contribute using a section 125 (cafeteria) plan) to an HSA. See Health savings account (HSA).
So long as that code W is on your W-2, TurboTax cannot make a correct copy of your return.
Come back if your employer refuses to issue a corrected W-2 to you.
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April 4, 2023
8:50 PM