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ga233
New Member

Why do i not see a tax break for hsa contributions? box 12 was $3500 and 1099-sa was 3370. Why is it showing $0.00 for hsa contributions in turbo tax?

 
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Hal_Al
Level 15

Why do i not see a tax break for hsa contributions? box 12 was $3500 and 1099-sa was 3370. Why is it showing $0.00 for hsa contributions in turbo tax?

You already got your tax break. The amount of salary, shown in box 1 of your W-2, was already reduced by the $3500 shown in box 12. So you are reporting $3500 less income than you actually had on line 7 of form 1040 (or 1040A).


The HSA deduction on line 25 of form 1040 is for people who do not have an employer sponsored HSA and must set up one themselves

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1 Reply
Hal_Al
Level 15

Why do i not see a tax break for hsa contributions? box 12 was $3500 and 1099-sa was 3370. Why is it showing $0.00 for hsa contributions in turbo tax?

You already got your tax break. The amount of salary, shown in box 1 of your W-2, was already reduced by the $3500 shown in box 12. So you are reporting $3500 less income than you actually had on line 7 of form 1040 (or 1040A).


The HSA deduction on line 25 of form 1040 is for people who do not have an employer sponsored HSA and must set up one themselves

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