topic W-2 Box 12W employer contribution is not there in Get your taxes done using TurboTax

W-2 Box 12W employer contribution is not there

rpro1 — Tue, 21 Jan 2025 23:05:20 GMT

Hello,

I was going through my W-2 and noticed that I don't have code W in my box 12, and I am seeking some clarification on the matter.

Here is the context. I enrolled in an HSA and starting receiving contributions in November. My employer contributes $200 / month (not taken out of my paycheck). I personally did not contribute any of my money or paycheck to my HSA and only have the $400 from my employer contributions.

On my W-2 there is no code W. From my understanding I should have a code W for $400 for the employer contributions regardless of whether they came out of my paycheck or not.

Is this something I report on my taxes myself, and if so where would the appropriate place be? Or is there an error on my W-2?

All advice is greatly appreciated, thanks!

Re: W-2 Box 12W employer contribution is not there

SabrinaD2 — Wed, 22 Jan 2025 00:23:09 GMT

Employer contributions should be reported in Box 12 with code W.

If your employer's $400 HSA contribution is missing from Box 12 with code W on your W-2, here’s what you can do:

Verify with Your Employer: Contact your HR/Payroll department to confirm the $400 contribution and request a corrected W-2.
If your employer's HSA contributions weren’t included in Box 12 of your W-2, you can report them in TurboTax Online (TTO) as follows:

Use the search bar in TurboTax and type "HSA."
Select the "Jump to" link that appears.
On the screen "Did your employer tell you about any other contributions? - Select the option for employer contributions not reported in Box 12 of your W-2
Enter the contribution amount from your employer.

This process ensures the $400 is correctly reported and included on HSA reporting Form 8889

Re: W-2 Box 12W employer contribution is not there

rpro1 — Wed, 22 Jan 2025 00:35:26 GMT

Thank you for the answer! I just have one follow up regarding your bullet points.

From your first bullet point, I understand I should follow up with my employer and request a corrected W-2. However, regarding your second bullet point. Does that mean I theoretically don't need to request a corrected W-2 and will be able to correctly report the HSA contributions?

Re: W-2 Box 12W employer contribution is not there

SabrinaD2 — Wed, 22 Jan 2025 00:45:08 GMT

Yes, you can report the $400 HSA contribution without a corrected W-2. TurboTax lets you enter employer contributions that are not reported in Box 12 of your W-2 during the HSA section. It will correctly include them on Form 8889.

However, it's best to ask for a corrected W-2 to make sure your records match what the IRS has on file. If you can't get a corrected W-2, you can enter the amount manually. It is an acceptable option, but make sure to keep your records and documentation.

Re: W-2 Box 12W employer contribution is not there

rpro1 — Wed, 22 Jan 2025 00:49:41 GMT

That makes sense, thank you so much!

Re: W-2 Box 12W employer contribution is not there

Anerom — Fri, 07 Mar 2025 05:06:36 GMT

I had the same issue! I spent so many hours on the internet looking for answers, and then i found this! So thank you for posting the question. I don't know know, but I feel this is not cool. If people don't notice, they could be missing out on deductions!