To report your HSA contributions on your tax return, you will need a copy of your W-2 for the total pretax contributions made by you through payroll or by your employer. This can be found in box 12, code W of your W-2. If you made after-tax contributions in 2020 for 2020, please see your December HSA Statement.
Does W-2 show HSA contributions?
Short Answer: Both the employer and pre-tax employee HSA contributions made through payroll are reported on the Form W-2 in Box 12 with Code W. This reporting includes the employer contribution amount and the amounts contributed by employees pre-tax through payroll (via the Section 125 cafeteria plan).
How do I report excess HSA contributions on my taxes?
Use Form 8889 to:
- Report health savings account (HSA) contributions (including those made on your behalf and employer contributions),
- Figure your HSA deduction,
- Report distributions from HSAs, and.
- Figure amounts you must include in income and additional tax you may owe if you fail to be an eligible individual.
Where should Employer HSA contributions be on W-2?
While employer contributions to an HSA may be excluded from the employee’s income, all employer contributions, including those made by the employee through a cafeteria plan, must be reported in box 12 of the employee’s W-2.
Where are HSA contributions reported on Form W-2?
Short Answer: Both the employer and pre-tax employee HSA contributions made through payroll are reported on the Form W-2 in Box 12 with Code W. HSA Contributions Reported in Box 12, Code W
Where is the employer contribution on a W2?
Employer vs. Employee Contributions on W2. When you receive your W2 at year end, you will have a Box 12 marked with “W” and your employer contributions for the year. As mentioned, this amount will contain: Amounts your employer contributed to your HSA. Amounts you contributed to your HSA through your employer via a cafeteria plan.
How can I find out how much my employer contributes to my HSA?
What this is saying is, “Total HSA contributions – Employer Contributions = Employee Contributions.” Using these two documents, you can back out and determine your contribution amount. Alternatively, you may be able to access your HSA custodian’s website to see a breakdown of employee vs employer contributions.
Where does the 12 W code go on a W-2?
The Box 12 W Code on your W-2 represents the total pre-tax contributions to your HSA. Whether it was you, your employer or both of you who contributed funds into your HSA account, the combined amount goes into this box.
