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mthokey
New Member

Do i have to claim my HSA contributions on my taxes? i only put around $100 in and have not deducted any since I've gotten it.

In order to claim it, I have to upgrade to deluxe for more money. It's not worth it for just claiming that deduction.

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Accepted Solutions
LeeM
New Member

Do i have to claim my HSA contributions on my taxes? i only put around $100 in and have not deducted any since I've gotten it.

Probably not as long as they are listed on your W-2 as described below.

In most cases, your HSA contribution has already been reported in Box 12 of your W-2 with code W: Employer Contributions to Health Savings Account.

Despite the misleading name, code W reports both your and your employer's contribution. (A better name would be "Contributions to Health Savings Account" but we have no say in the matter.)

So if you put $1,500 in your HSA during 2015, and your employer matched your contribution, your W-2's Box 12 should have the amount of $3,000 with a code W.

Now, if you made HSA contributions not reported on your W-2 (this is uncommon), we'll ask about that when you step through the Medical section. Look for the questions Were HSA contributions made in 2015? or Do you need to make any adjustments to your HSA contribution amount? Answer Yes and we'll open a screen where you can enter that information

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4 Replies
LeeM
New Member

Do i have to claim my HSA contributions on my taxes? i only put around $100 in and have not deducted any since I've gotten it.

Probably not as long as they are listed on your W-2 as described below.

In most cases, your HSA contribution has already been reported in Box 12 of your W-2 with code W: Employer Contributions to Health Savings Account.

Despite the misleading name, code W reports both your and your employer's contribution. (A better name would be "Contributions to Health Savings Account" but we have no say in the matter.)

So if you put $1,500 in your HSA during 2015, and your employer matched your contribution, your W-2's Box 12 should have the amount of $3,000 with a code W.

Now, if you made HSA contributions not reported on your W-2 (this is uncommon), we'll ask about that when you step through the Medical section. Look for the questions Were HSA contributions made in 2015? or Do you need to make any adjustments to your HSA contribution amount? Answer Yes and we'll open a screen where you can enter that information

Do i have to claim my HSA contributions on my taxes? i only put around $100 in and have not deducted any since I've gotten it.

If you are being required to upgrade and you don't want to then remove the trigger ... go back to the W-2 and remove the box 12 code W entry  ONLY IF you are sure that you were qualified to make the contribution.
mthokey
New Member

Do i have to claim my HSA contributions on my taxes? i only put around $100 in and have not deducted any since I've gotten it.

Yeah, i went all the way through and its still making me upgrade. I'm assuming I do have to claim it because it is on my W2. I really don't wanna pay $40 just because of that, thats the only other deduction I would qualify for.

Do i have to claim my HSA contributions on my taxes? i only put around $100 in and have not deducted any since I've gotten it.

Just remove the code W entry since it is only informational if you had a qualifying HDHP.

Or switch to the FREEDOM version if you qualify...  

The FREEDOM Edition is located at:
<a rel="nofollow" target="_blank" href="https://turbotax.intuit.com/taxfreedom">https://turbotax.intuit.com/taxfreedom</a>

How to switch and start over (requires new account at the Freedom website)
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/2026912-how-do-i-switch-to-turbotax-freedom-edition">https://ttlc....>

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