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New Member
posted May 31, 2019 10:46:39 PM

I contribute to my HSA through an auto deduction from my paycheck plan. Do I get to claim any of this as a deduction or tax break?

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1 Best answer
Employee Tax Expert
May 31, 2019 10:46:42 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. Payroll contributions reduce your wages and you wouldn't be taxed on the amounts.

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.

1 Replies
Employee Tax Expert
May 31, 2019 10:46:42 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. Payroll contributions reduce your wages and you wouldn't be taxed on the amounts.

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.