The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: BarkyardBQ on February 29, 2016, 01:52:18 PM
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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?
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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.
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Thank you!