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HSA contributions - W2 and TurboTax

Hi,

 

I am part of a HSA program through my company, and in 2022 my company contributed $600 and we contributed $3,600, and the total amount we used to pay medical bills.

 

I received the following tax forms:

  1. W-2 Box 12c shows W $900 (I thought this should reflect both company and my contributions and if only company not sure why $900 and not $600).
  2. 1099-SA shows Boxes 1:  $2,831 (distributions), 2: $0, 3: 1, 4: $0, and 5: HSA. 
  3. 5498-SA shows Boxes 1: $0 (Employee contributions), 2: $850 (total contributions), 3: $0, 4: $0, 5: $249 (Fair market value), and 6: HSA.
  4. 1095-C shows we had employer-provided health insurance but doesn't have any dollar values.

TurboTax shows the following:

  1. Imported the $2,831 distributions and $900 contributions, but I had to manually add the $3,600.
  2. Says my maximum contribution limit is $8,300.
  3. Shows $200 for last years Excess Contributions.
  4. A screenshot of the total value of all HSAs and option for 2022 contributions provided by 4/18/2023, and then an HSA summary (both shown below).

Question.  Should I add more to 2022 to reflect our actual medical expenses?

 

Thank you!

 

hsa1.PNG

 

hsa2.PNG

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1 Reply
RobertB4444
Expert Alumni

HSA contributions - W2 and TurboTax

No, you should enter only the medical expenses for which you were reimbursed by the HSA in this section.  If you have more medical expenses you will enter them in the deductions and credits area under medical expenses.

 

@GotToPayMyTaxes 

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