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911-mary
New Member

I have a HSA at work the company contributes 750 I also put 500 is that in my w2 form as it goes through the company. I didn't get a form so do I need to add the amount on HSA if so would it just be the 500 I contributed or that and 750 the company donate

 
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PaulaM
Employee Tax Expert

I have a HSA at work the company contributes 750 I also put 500 is that in my w2 form as it goes through the company. I didn't get a form so do I need to add the amount on HSA if so would it just be the 500 I contributed or that and 750 the company donate

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. 

However, if your made after-tax contributions on your own (independent of your employer), then those contributions would be entered. You would have to enter them to calculate a deduction. Enter under the Medical section. 

On your HSA summary page, you will see Tax-free employer contributions, but it means both employer and employee contributions in total. It is just how the IRS codes it (Box 12 W)

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.


Other forms that you may receive connected to an HSA:

Form 1099-SA -  is entered in order to calculate the deduction and complete Form 8889 properly. Form 1099-SA is issued when you have distributions from you HSA account. 

Form 5498-SA - Just keep for your records. It is not entered in TurboTax.

https://ttlc.intuit.com/questions/1899305-where-do-i-enter-form-5498-sa 

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

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1 Reply
PaulaM
Employee Tax Expert

I have a HSA at work the company contributes 750 I also put 500 is that in my w2 form as it goes through the company. I didn't get a form so do I need to add the amount on HSA if so would it just be the 500 I contributed or that and 750 the company donate

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. 

However, if your made after-tax contributions on your own (independent of your employer), then those contributions would be entered. You would have to enter them to calculate a deduction. Enter under the Medical section. 

On your HSA summary page, you will see Tax-free employer contributions, but it means both employer and employee contributions in total. It is just how the IRS codes it (Box 12 W)

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.


Other forms that you may receive connected to an HSA:

Form 1099-SA -  is entered in order to calculate the deduction and complete Form 8889 properly. Form 1099-SA is issued when you have distributions from you HSA account. 

Form 5498-SA - Just keep for your records. It is not entered in TurboTax.

https://ttlc.intuit.com/questions/1899305-where-do-i-enter-form-5498-sa 

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

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