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Returning Member
posted Feb 14, 2020 9:20:03 AM

2019 HSA Contribution Taxed??

I contributed $6500 to HSA account through my employer in 2019.  They contributed $1,500 to total of $8,000.  Total on W-2 Box 12 (W) is $8,000.  It's showing up as "other income" and taxable on my TurboTax 1040 (line 7a - Other Income) Last year, I contributed similarly and handled same way (though amount was lower) in TurboTax - and nothing was taxed.  

 

My wages were reduced by the $6,500 I contributed (pre-tax).  I don't understand why I'm being taxed on this contribution - and on the full $8,000 to boot.  My understanding is that there was no change in tax law and no compensation limit as to deductibility.  It seems like a bug in the TurboTax software.  In looking at 2018 and 2019 W-2's (from same employer), nothing has changed.

 

I had no distributions out of the HSA, and didn't contribute over the maximum amount in either year.  

 

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1 Replies
Returning Member
Feb 14, 2020 9:40:13 AM

Never mind! I figured out the issue.