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New Member
posted Mar 2, 2021 11:39:46 AM

My HSA contribution is not in box 12 on my W2. It's in box 14, coded as Sec 125. How do I get Turbotax to properly pull it under "deducations

In box 14, I see Sec 125 with $6049.94 as a total.  But when I am in "deductions

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1 Replies
Expert Alumni
Mar 2, 2021 12:03:56 PM

You need to get a corrected W-2. HSA is properly recorded in Box 12 with Code W. You have a bigger problem than the program not picking it up. The IRS, when they get their copy of your W-2, won't be able to reconcile Box 14 Sec 125 with your Box 12 HSA.

 

Box 12 codes:

  • W — Employer contributions (including amounts the employee elected to contribute using a Section 125 cafeteria plan) to your health savings account (HSA).