turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

kpwestri
New Member

I contributed $2700 to my HSA this year but i've tried to fill it in multiple times and it comes back saying I contributed $0. I don't understand this.

 
1 Reply

I contributed $2700 to my HSA this year but i've tried to fill it in multiple times and it comes back saying I contributed $0. I don't understand this.

If you contributed $2,700 through your employer, then this is correct.

If either your employer contributes or you contribute through payroll deduction, then (1) this amount is reported on the W-2 in box 12 with a code of W, and (2) this amount is removed from Wages in boxes 1, 3, and 5 before the W-2 is printed.

Thus, there is no "deduction" for this kind of contribution, because the contributions were never in your income in the first place.

Only if you made direct contributions to the HSA (NOT through your employer) would you see a deduction on line 25 on Schedule 1. Note that the HSA MSA amount on the Deductions & Credits screen show only the direct HSA contributions, not the code W amount.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v