133889
You'll need to sign in or create an account to connect with an expert.
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
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
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
srtadi
Returning Member
Bill_the_Scrooge
Level 1
marykwoo
New Member
christoft
Returning Member
neutron450
New Member