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bare8569
New Member

In a HSA also a MSA?

i contributed money to a HSA. can i enter that in the MSA section? i do not see where i enter the HSA contribution amounts.
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PaulaM
Expert Alumni

In a HSA also a MSA?

HSA and MSA are similar but not the same. See IRS link https://www.irs.gov/pub/irs-pdf/p969.pdf

HSA - 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)

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1 Reply
PaulaM
Expert Alumni

In a HSA also a MSA?

HSA and MSA are similar but not the same. See IRS link https://www.irs.gov/pub/irs-pdf/p969.pdf

HSA - 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)

**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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