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Level 2
March 22, 2020
Solved

Form 8889

  • March 22, 2020
  • 1 reply
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My W-2 shows a total of $4,500 contributed to my HSA.  $4,000 of this was contributed by me personally, and $500 by my employer.  TT is picking up the entire $4,500 from the W-2 as an employer contribution and will not allow me to indicate that $4,000 of that was my contribution personally, so it is calculating my deduction for the HSA as 0 when I should be getting a deduction of $4,000 (I am over 55).  How can I correct this?  There is a question that asks if I put any money in personally, but if I put $4,000 in that box, it still shows $4,500 contributed by my employer and thinks I overcontributed by $4,000.

    Best answer by KathrynG3

    No, you do not need to separate the amount paid by the employer from the amount paid by you. You are entitled to the full $4,500 on Form 8889. However, since these were reported on Form W-2, they are considered to have been contributions made pre-tax. There is not additional deduction for the contribution.

     

    See the article for more details: What is a health savings account (HSA)?

    1 reply

    KathrynG3
    KathrynG3Answer
    Level 14
    March 22, 2020

    No, you do not need to separate the amount paid by the employer from the amount paid by you. You are entitled to the full $4,500 on Form 8889. However, since these were reported on Form W-2, they are considered to have been contributions made pre-tax. There is not additional deduction for the contribution.

     

    See the article for more details: What is a health savings account (HSA)?

    SC1959Author
    Level 2
    March 22, 2020

    Oh, I see!  Thank you for explaining this to me!