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.

I contributed to my Family HSA, but the Amount is being taxed. How do I ensure my HSA is recording as a family plan?

It is recording the deduction appropriately in the state refund, but my federal amount due is increasing. I am well within the family limits at $3,755.
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.

3 Replies
PaulaM
Employee Tax Expert

I contributed to my Family HSA, but the Amount is being taxed. How do I ensure my HSA is recording as a family plan?

First, were you contributions made through your employer (box 12, Code W)? If so, then you won't enter the contribution again. Do be certain to answer all of the questions in the HSA section regarding your family HDHP. 

 

If you made contributions outside of your employer (directly through to you HSA provider), then you would enter those contributions in the HSA section.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I contributed to my Family HSA, but the Amount is being taxed. How do I ensure my HSA is recording as a family plan?

Hello,

 

 These contributions were individual contributions made in addition to my employer based - W2 amount. 

All of the HSA section questions have been answered and I did detail that we have a family plan HSA.

Is there an HSA section in addition to the one under "Wages and Income" Or "deductions and Credits" section, they both seem to direct me to the same set of questions? 

 

I have reviewed the answers online as it seems this issue has come up before. I'm sure I answered a question wrong somewhere but cannot find it. 

 

If I enter the $1000 for my individual HSA contribution my refund decreases by ~$60 compared to entering 0 for the individual contribution.

DawnC
Employee Tax Expert

I contributed to my Family HSA, but the Amount is being taxed. How do I ensure my HSA is recording as a family plan?

If all of your contributions were reported on your W-2, do NOT enter an additional contribution in that HSA section.   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 HSA 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.    If you entered an additional contribution in that section, go back and delete it.  

 

Why am I showing an excess HSA contribution?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question