3016361
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

ugafun
Returning Member

I Contributed $ 7300 to HSA as a pre Tax deduction coded as W for Box 12 on the W2. I type it on Turbo tax but it does not lower my Federal nor state income tax. Why?

I Contributed  $ 7300 to HSA  as a pre Tax deduction coded as W for Box 12 on the W2.  I type it on Turbo tax but it does not lower my Federal nor state income tax. Why?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MayaD
Expert Alumni

I Contributed $ 7300 to HSA as a pre Tax deduction coded as W for Box 12 on the W2. I type it on Turbo tax but it does not lower my Federal nor state income tax. Why?

You need to answer the questions regarding the HDHP (High Deductible Health Plan). If you're contributing to an HSA, you should be enrolled in an HDHP.

 

  1. Go to Federal Taxes.
  2. Select Deductions and Credits
  3. Scroll down to the Medical 
  4. Click on 1099-SA, HSA, MSA
  5. Select HSA
  6. Continue until you arrive at the screen  "Were you covered by a High Deductible Health Plan (HDHP) in 2022?
  7. You respond yes and continue to update.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question