- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Married Joint. Employer puts $1300 in HSA annually. I put $200/mo after tax. My W2 states $3700 from employer cont. Shouldn't the employer portion be $1300?
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Married Joint. Employer puts $1300 in HSA annually. I put $200/mo after tax. My W2 states $3700 from employer cont. Shouldn't the employer portion be $1300?
The total $3700 is correct as shown on your W-2, Box 12, with Code W.
Employer contributions to a HSA are not considered income and are not subject to income tax or payroll tax. Since you, as the employee, also paid via a salary reduction arrangement, those contributions are also considered employer contributions. This means they're not subject to income tax or payroll tax.
Follow this link for a more detailed description: Employer vs. Employee HSA contributions.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Married Joint. Employer puts $1300 in HSA annually. I put $200/mo after tax. My W2 states $3700 from employer cont. Shouldn't the employer portion be $1300?
The total $3700 is correct as shown on your W-2, Box 12, with Code W.
Employer contributions to a HSA are not considered income and are not subject to income tax or payroll tax. Since you, as the employee, also paid via a salary reduction arrangement, those contributions are also considered employer contributions. This means they're not subject to income tax or payroll tax.
Follow this link for a more detailed description: Employer vs. Employee HSA contributions.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Still have questions?
Or browse the Forums