Author Topic: HSA on W2  (Read 1020 times)

BarkyardBQ

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HSA on W2
« on: February 29, 2016, 01:52:18 PM »
What value is supposed to be in box 12 of the W2 for HSA contributions? Is it supposed to be just the Employer Contributions or the Employer and Employee?

Tremeroy

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Re: HSA on W2
« Reply #1 on: February 29, 2016, 02:32:59 PM »
The W2 will only include HSA contributions made through your employment. That means both "true" employer contributions & the amount you choose to contribute will be included in Box 12.

For the purposes of your income-tax return, the contributions that you made through payroll contributions are considered to be made "by your employer." This is because there wasn't any income-tax withholding on those amounts & you didn't pay FICA.

If you made any direct contributions to an HSA outside of your employment (e.g. writing a check), then you report those separately on your income-tax return and may receive an adjustment to income.

BarkyardBQ

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Re: HSA on W2
« Reply #2 on: February 29, 2016, 02:38:28 PM »
Thank you!