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If I am on a High Deductible Healthcare plan through work and part of that is an HSA account do I put the total amount I contributed to this account on my taxes?

 
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BillM223
Employee Tax Expert

If I am on a High Deductible Healthcare plan through work and part of that is an HSA account do I put the total amount I contributed to this account on my taxes?

A High Deductible Health Plan is a normal insurance policy, whose deductibles are higher than normal. The premiums that your employer pays for this plan can be found with code DD in box 12 of your W-2.

 

Any contributions that your employer makes to your HSA, as well as any contributions that you make through payroll deduction, can be found with code W in box 12 of your W-2. This code W amount is called the "employer's contribution" (yes, even though you contributed some of it through payroll deduction). Once you have entered your W-2, no part of the code W amount should be entered elsewhere in the HSA interview.

 

Any amount that you contributed to your HSA directly (i.e., NOT through your employer) is called a "personal" contribution and this should be entered separately in the HSA interview.

 

Now that you understand this, could you rephrase your question?

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1 Reply
BillM223
Employee Tax Expert

If I am on a High Deductible Healthcare plan through work and part of that is an HSA account do I put the total amount I contributed to this account on my taxes?

A High Deductible Health Plan is a normal insurance policy, whose deductibles are higher than normal. The premiums that your employer pays for this plan can be found with code DD in box 12 of your W-2.

 

Any contributions that your employer makes to your HSA, as well as any contributions that you make through payroll deduction, can be found with code W in box 12 of your W-2. This code W amount is called the "employer's contribution" (yes, even though you contributed some of it through payroll deduction). Once you have entered your W-2, no part of the code W amount should be entered elsewhere in the HSA interview.

 

Any amount that you contributed to your HSA directly (i.e., NOT through your employer) is called a "personal" contribution and this should be entered separately in the HSA interview.

 

Now that you understand this, could you rephrase your question?

**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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