1264035
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

speres22
New Member

When I entered my HSA contribution which is a combo of employee + employer, my taxes due for FED jumped up by 1K. What happened? I thought this was pre-tax funds?

This is the W2 entry for section 12, item W.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

When I entered my HSA contribution which is a combo of employee + employer, my taxes due for FED jumped up by 1K. What happened? I thought this was pre-tax funds?

Keep going.  The HSA contributions are deemed taxable income by Turbotax until you finish the interview and tell the program that you had qualifying insurance.  I believe this will come up at the end of the W-2 interview, and it can also be accessed from the 1099-SA section on the income page and the HSA section on the Deductions page. 

speres22
New Member

When I entered my HSA contribution which is a combo of employee + employer, my taxes due for FED jumped up by 1K. What happened? I thought this was pre-tax funds?

Thank you.  I just found that answer elsewhere too.  🙂

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question