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Level 1
January 27, 2023
Question

Why does my HSA contribution show zero when we contributed over 7,000?

  • January 27, 2023
  • 1 reply
  • 0 views
We entered our contributions as part of our W2 info, but the Deductions and Credits section reflects zero.

1 reply

rjs
Level 15
Level 15
January 27, 2023

The Deductions & Credits page in TurboTax shows only HSA contributions that you made yourself directly to the HSA. It does not show the contributions that you made through your employer, which are on your W-2.

 

Level 15
January 27, 2023

Your employer has already excluded from your taxable income in box 1 of your W-2 the contributions made through your employer and reported with code W in box 12.  They don't get deducted again on your tax return.