turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

SVTRULES
New Member

W2 12W Box shows HSA contribution that was deducted as tax-Free from my payroll. It is not a Employer contribution. Why Turbo Tax considers that as employer contribution?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
MinhT1
Expert Alumni

W2 12W Box shows HSA contribution that was deducted as tax-Free from my payroll. It is not a Employer contribution. Why Turbo Tax considers that as employer contribution?

Box 12 of form W-2 code W reports the sum of both employer's and employee's contributions to your HSA.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

W2 12W Box shows HSA contribution that was deducted as tax-Free from my payroll. It is not a Employer contribution. Why Turbo Tax considers that as employer contribution?

Why doesnt Turbo Tax separate Employee and Employer Contribution in the 12 W entry. This prevents me from receiving the tax benefits of my employee contribution. Can I enter the employer contribution in 12W

W2 12W Box shows HSA contribution that was deducted as tax-Free from my payroll. It is not a Employer contribution. Why Turbo Tax considers that as employer contribution?


@samuelnata wrote:

Why doesnt Turbo Tax separate Employee and Employer Contribution in the 12 W entry. This prevents me from receiving the tax benefits of my employee contribution. Can I enter the employer contribution in 12W


 

Under the tax law, you agree to a voluntary salary reduction, and your employer makes the contributions to the HSA instead.  The contributions are already excluded from your W-2 box 1 wages--they are not taxed, so you don't get an extra tax deduction for them.  This is how the IRS wants it.  If you think your employer did not subtract your voluntary contributions from your W-2 box 1 wages, you have to talk to your employer. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question