My W2 box 12w is less than my 5498sa, do i need to refile

supersoniclizzie — Wed, 05 Jun 2019 21:31:37 GMT

Does my employer need to give me a W2c with the correct amount which is on the 5498sa? My W2 is missing $50 employer contribution that was reported on 5498sa

The 5498-SA is what your HSA plan administrator reports a...

BMcCalpin — Wed, 05 Jun 2019 21:31:39 GMT

The 5498-SA is what your HSA plan administrator reports as contributions.

Your W-2 reports in box 12 with a code of "W" on what your employer contributed and what you contributed through a salary reduction/payroll deduction plan.

First, did you make any contributions to your HSA outside of your employer (like send the HSA plan administrator a check directly)? If so the 5498-SA should be different from the W-2, because the 5498-SA includes both W-2 numbers and your outside contributions.

If, however, the W-2 failed to include a $50 amount that your employer contributed (and you see it on the 5498-SA), then your employer owes you a corrected W-2.

When you get the corrected W-2, amend your return.

Otherwise, the IRS may notice the discrepancy and send you a letter. To help prod your employer, remind them that contributions to and distributions from your HSA are taxable if they are not reported on your 8889 - in this case, with the $50 missing from your W-2, it is also missing from your 8889 and the IRS will consider that $50 taxable (and it shouldn't be).

topic My W2 box 12w is less than my 5498sa, do i need to refile in Get your taxes done using TurboTax

My W2 box 12w is less than my 5498sa, do i need to refile

The 5498-SA is what your HSA plan administrator reports a...