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Do I need to enter the box 2 information on a 5498-SA form on my taxes I don't have anything in box 1?
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Do I need to enter the box 2 information on a 5498-SA form on my taxes I don't have anything in box 1?
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Do I need to enter the box 2 information on a 5498-SA form on my taxes I don't have anything in box 1?
In most cases, your HSA contribution has already been reported in Box 12 of your W-2 with code W: Employer Contributions to Health Savings Account.
Despite the misleading name, code W reports both your and your employer's contribution. (A better name would be "Contributions to Health Savings Account" but we have no say in the matter.)
So if you put $1,500 in your HSA during 2022, and your employer matched your contribution, your W-2's Box 12 should have the amount of $3,000 with a code W.
Now, if you made HSA contributions not reported on your W-2 (this is uncommon), we'll ask about that when you step through the Medical section. Look for the questions Were HSA contributions made in 2022? or Do you need to make any adjustments to your HSA contribution amount? Answer Yes and we'll open a screen where you can enter that information.
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