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sas446
New Member

If you make payroll deduction pre-tax 2018 HSA contributions in 2019 that aren't reported on your W2, what number should you report?

I made pre-tax payroll deduction contributions to my 2018 HSA in Febuary 2019, therefore my 5498-SA reports a higher total contribution than was reported on my W2, which I received in January. How do those 2019 contributions impact my taxes? Will my employer need to issue me a corrected W2? Should I use the amount from my 5498-SA, or the amount from my W2?

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Accepted Solutions
dmertz
Level 15

If you make payroll deduction pre-tax 2018 HSA contributions in 2019 that aren't reported on your W2, what number should you report?

If you are certain that the payroll deductions in February 2019 were designated as HSA contributions for 2018, included in box 3 of your 2018 Form 5498-SA, do not enter these as personal contributions.  In the HSA section indicate that your employer told you about other contributions, then enter the amount of employer and payroll contributions made in 2019 for 2018 so that it is included on line 9 of your 2018 Form 8889.

Next year when you prepare your 2019 tax return, the 2019 W-2 will include in the box 12 code W amount the contribution made in 2019 for 2018.  In 2020 TurboTax you'll need to say that your employer told you about other contributions and identify the same amount as contributions made in 2019 for 2018 so that this amount is not included on line 9 of your 2019 Form 8889.

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2 Replies
Rainman12
Level 10

If you make payroll deduction pre-tax 2018 HSA contributions in 2019 that aren't reported on your W2, what number should you report?

There are no pre-tax deductions, only post-tax income contribution deductions. To figure deductible portion, subtract W-2 Box 12 amount(s) from 5498-SA amount for year.
dmertz
Level 15

If you make payroll deduction pre-tax 2018 HSA contributions in 2019 that aren't reported on your W2, what number should you report?

If you are certain that the payroll deductions in February 2019 were designated as HSA contributions for 2018, included in box 3 of your 2018 Form 5498-SA, do not enter these as personal contributions.  In the HSA section indicate that your employer told you about other contributions, then enter the amount of employer and payroll contributions made in 2019 for 2018 so that it is included on line 9 of your 2018 Form 8889.

Next year when you prepare your 2019 tax return, the 2019 W-2 will include in the box 12 code W amount the contribution made in 2019 for 2018.  In 2020 TurboTax you'll need to say that your employer told you about other contributions and identify the same amount as contributions made in 2019 for 2018 so that this amount is not included on line 9 of your 2019 Form 8889.

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