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kman916
Returning Member

Should we get taxed for HSA contributions by my former employer as part of my retirerment package?

I am using Turbotax online Deluxe. In the past I downloaded Turbotax  Deluxe on to my computer. 
In the past the contribution were tax deductible, even though I did not qualify for Itemized deductions. Using the online version, entering the info in the medical deductible section dose not change this. I do not get a W2 from my former employer, and have not since I retired.
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1 Reply
Cynthiad66
Expert Alumni

Should we get taxed for HSA contributions by my former employer as part of my retirerment package?

You may not receive a W-2 because you are no longer an employee but a retiree.  You should receive a form 1099R that, if reported accurately will account for all benefits received.  You will need to enter that for form 1099R as received.

 

Generally, contributions made by an employer to the health savings account (HSA) of an eligible employee are excludable from an employee's income and are not subject to federal income tax, Social Security or Medicare taxes.

 

Use this IRS link for additional information.

 

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