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New Member
posted Jun 5, 2019 10:44:53 PM

How do I figure out what my contributions to my HSA is? It's not on the tax form they sent me.

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5 Replies
Employee Tax Expert
Jun 5, 2019 10:44:55 PM

Did you contribute through payroll deductions?

New Member
Jun 5, 2019 10:44:56 PM

Yes

Employee Tax Expert
Jun 5, 2019 10:44:57 PM

On your W-2, the Box 12 code W amount includes both the employer and employee pre-tax contributions, including incentives.  If you contributed to your HSA only through payroll deductions, do not enter them anywhere else in TurboTax. 

However, if your made after-tax contributions on your own (independent of your employer), then those contributions would be entered. You would have to enter them to calculate a deduction. Enter under the Medical section. 

On your HSA summary page, you will see Tax-free employer contributions, but it means both employer and employee contributions in total. It is just how the IRS codes it (Box 12 W)

Form 1099-SA -  is entered in order to calculate the deduction and complete Form 8889 properly. Form 1099-SA is issued when you have distributions from you HSA account.  If you took distributions from your HSA, you need to wait for the form (must be mailed by 1/31/17). Call you the HSA custodian if you have not received this form in a timely manner.

Form 5498-SA - Just keep for your records. It is not entered in TurboTax.

Also, be certain to indicate that you were enrolled in a HDHP. This is a requirement for the participation in an HSA. If you miss entering this information, the program will calculate a contribution penalty. If you still need to know what your contributions are, look to the Form 5498-SA (may not arrive until 5/31/17) or contact your plan's custodian.

New Member
Mar 3, 2023 9:26:59 AM

Yes

Expert Alumni
Mar 3, 2023 9:41:49 AM

Usually, your HSA contribution is reported in box 12 of your W-2 with the code W (Company Contributions to Health Savings Account). TurboTax automatically records this amount in the 1099-SA, HSA, MSA section.

 

Code W reports the combined contributions from you and your employer. So if you contributed $1,500 to your HSA and your employer matched it dollar for dollar, box 12 on your W-2 would show $3,000 with a code W.


TurboTax Help FAQ: Where do I enter my HSA contribution?