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What do I do if the Turbo Tax APP is wrong? It added $9060 for contributions made by my employer to my HSA when it was only $300.

 
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3 Replies

What do I do if the Turbo Tax APP is wrong? It added $9060 for contributions made by my employer to my HSA when it was only $300.

dmertz
Level 15

What do I do if the Turbo Tax APP is wrong? It added $9060 for contributions made by my employer to my HSA when it was only $300.

"Employer contributions" to an HSA consist of all contributions made through the employer, including those that you make by payroll deductions, and are reported with code W in box 12 of your W-2.  Make sure than you do not report as personal contributions any amounts contributed by payroll deduction.

What do I do if the Turbo Tax APP is wrong? It added $9060 for contributions made by my employer to my HSA when it was only $300.

check what's on your actual w-2 for box 12 W vs what you entered in Turbotax.

if you only gave $300 and the employer made no matching contribution 12W on your w-2 should be $300

if your actual w-2 shows $9k contact your employer

if both your W-2 and the entry in Turbotax are $300 contact support

by the way any amount on 12W in Turbotax should appear on line 9 of form 8889 do not enter as your own direct contributions., those would appear on line 2.

 

since this HSA contribution is through the employer the deduction you get is by a reduction in your taxable wages. there should be no deduction on schedule 1 line 13

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