Usually, your HSA contribution is reported in box 12 of your W-2 with the code W (Company Contributions to Health Savings Account). TurboTax automatically records this amount in the 1099-SA, HSA, MSA section.
Code W reports the combined HSA contributions from you and your employer. So if you contributed $1,500 to your HSA and your employer matched it dollar for dollar, box 12 on your W-2 would show $3,000 with a code W.
What if I made an HSA contribution that wasn't reported on my W-2?
You can also contribute directly to your HSA and get a tax deduction. This is uncommon for employees who make pre-tax contributions at work, but is more common for self-employed or unemployed taxpayers who have an HSA.
Here’s how to enter a post-tax HSA contribution in TurboTax:
- Open (continue) your return in TurboTax
- In the search bar, search for hsa and select the Jump to link in the search results
- On the screen Tell us about the health-related accounts you had in 2022, check the box next to Health Savings Account (HSA) and Continue
- If you land on Your HSA summary, select Edit, then make sure the Health Savings Account (HSA) box is checked on the next screen and Continue
- If you see the screen Here’s what we have so far, select Done
- Answer Yes or No to Did you inherit this HSA?, depending on your situation
- Enter your contribution on the screen Let’s enter your HSA contributions and Continue
- If you contributed too much, you'll see the message You may want to withdraw funds from your HSA. Select the option to either withdraw the excess or pay the penalty
- Continue answering the questions until you reach Your HSA summary. All your employee contributions will be listed as a deduction, and any contributions made by your employer and not reported on your W-2 will be reported as tax-free company contributions