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.

ktazzy01
New Member

Are an employers HSA contributions suppose tome added to our gross income then taxed?

 
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

Are an employers HSA contributions suppose tome added to our gross income then taxed?

No.

 

If you are eligible for a HSA, i.e. you have a High deductible Health policy (HDHP), then your employer's contributions to your HSA are not taxable and are listed in box 12 of your form W-2 with code W.

 

You do not add them back to your income.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
ktazzy01
New Member

Are an employers HSA contributions suppose tome added to our gross income then taxed?

That's just it I've been questioning this ever since I started.  When I look at my payslips I see the Employer contribution being added to my gross pay.  Then it lists my "pre-tax" deductions my "employee taxes" then it lists "post tax deductions" and when I look at the YTD post tax deductions I see the employer contributions in the post tax deductions as well.  Like I said this is a new company and when I reach out they are saying everything is correct.

 

BillM223
Expert Alumni

Are an employers HSA contributions suppose tome added to our gross income then taxed?

Please look at your W-2 in box 12 for the code of W. This number should be the sum of what your employer contributed to your HSA PLUS what you contributed by means of payroll deduction. The code W amount is subtracted from Wages in boxes 1, 3, and 5 before the W-2 is printed.

 

Compare what you see on the paystubs and see if it matches the code W amount.

 

It's theoretically possible for the employer to try to make after tax contributions to your HSA, but these contributions would apply to your limit and if they aren't in your code W amount, then you would have to make a special entry in TurboTax.

 

So, ask again to make sure that the code W amount matches your paystubs, and then make sure that the code W was removed from Wages (you'll have to ask HR, because you can't tell from looking at the W-2).

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question