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