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:

1. Report health savings account (HSA) contributions (including those made on your behalf and employer contributions),
2. Figure your HSA deduction,
3. Report distributions from HSAs, and.
4. 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.