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Level 2
April 7, 2024
Solved

Employer issued a wrong code under Box 12 on W2

  • April 7, 2024
  • 1 reply
  • 20 views

Hello,  my employer issued a W2 that has an incorrect code under Box 12.  They have code the contributions that I put into my HSA as employer contribution (Code W).  However, the amount were taken out of my pay and was not a contribution from the employer.  The HSA administrator has issued a Form 5498-SA that shows my contribution as well.  In this case, do I still need to wait for my employer to correct my W2 or can I go ahead and file?

Best answer by dmertz

Expert Reviewed

The W-2 is correct.  All amounts contributed through your employer, including those made from your pay, are considered to be employer contributions because your employer excludes the code-W amount from your wages reported in box 1 of your W-2.  Do not enter these contributions as personal contributions.

1 reply

dmertzAnswer
Level 15
April 8, 2024

Expert Reviewed

The W-2 is correct.  All amounts contributed through your employer, including those made from your pay, are considered to be employer contributions because your employer excludes the code-W amount from your wages reported in box 1 of your W-2.  Do not enter these contributions as personal contributions.

alau210Author
Level 2
April 8, 2024

I see.. that makes sense.  Thanks for the clarification!