1084402
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

kpb1234
New Member

Company adds money to HSA acct yearly. We add additional money monthly thru payroll deduction. Does that additional amt added need to be accounted for? If so, where?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
BillM223
Expert Alumni

Company adds money to HSA acct yearly. We add additional money monthly thru payroll deduction. Does that additional amt added need to be accounted for? If so, where?

The amount that your employer contributes to your HSA PLUS the amount that you contributed through payroll deduction are both combined into the "employer contribution" (yes, not obvious).

 

This amount is coded in box 12 of your W-2 with a code of W.

 

The code W amount (both parts) are removed from Wages in boxes 1, 3, and 5 when your W-2 is printed. Therefore, your payroll amount is already accounted for.

 

When you enter the code W amount in the W-2 interview, do not enter your payroll amount anyplace else in TurboTax.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question