My employer contributed $X towards HSA (reported in W-2) and I contributed $Y (outside paycheck) in 2017 towards 2016 tax year. $X+$Y = Allowed Limit & $X > $Y. For California tax return, TT does addition of $X and subtraction of $Y to taxable income, instead of addition of $X & $Y. Why?
You'll need to sign in or create an account to connect with an expert.
California adds back the employer contribution for your HSA and subtracts your additional contributions from the adjustments so that it also is an addition to income (reduces a subtraction). Both amounts get added back into the federal amounts -- one just shows as an addition to income and one is a reduction of a deduction.
California adds back the employer contribution for your HSA and subtracts your additional contributions from the adjustments so that it also is an addition to income (reduces a subtraction). Both amounts get added back into the federal amounts -- one just shows as an addition to income and one is a reduction of a deduction.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
slunell
New Member
f6bae3270a72
New Member
TajAndAliona
Level 2
WiredShut
Level 1
Hawkpilot
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.