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CarolinaGirl63
New Member

Is the amount in box 12 (code W) taxed?

 
1 Best answer

Accepted Solutions
TaxGuyBill
Level 9

Is the amount in box 12 (code W) taxed?

No.

However, until you tell TurboTax that you actually qualify for the Health Savings Account (later on in the interview), TurboTax makes it taxable.  When you answer the questions that indicate you qualify to contribute to a Health Savings Account, it will remove the tax.

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1 Reply
TaxGuyBill
Level 9

Is the amount in box 12 (code W) taxed?

No.

However, until you tell TurboTax that you actually qualify for the Health Savings Account (later on in the interview), TurboTax makes it taxable.  When you answer the questions that indicate you qualify to contribute to a Health Savings Account, it will remove the tax.

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