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January 23, 2025
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1099SA

  • January 23, 2025
  • 1 reply
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I’m choosing the standard deduction of $29,200 this year and since I contribute pretax HSA through my employer I selected I have no HSA on my taxes so it doesn’t include the contributions on my taxes. My question is how do I report my 1099sa form to report what I spent for medical since I selected no HSA on my taxes? Thanks 

Best answer by rjs

You do have an HSA. You can't say that you don't. The contributions are shown in box 12 of your W-2 with code W. Those contributions are already excluded from the amount of wages shown in box 1 of your W-2, so they will not be taxed. The only thing you have to do to prevent your contributions from being taxed is to enter your W-2 accurately.


When you correctly say that you do have an HSA, you will be able to enter your 1099-SA and specify the amount that you spent for qualified medical expenses.

 

1 reply

rjs
rjsAnswer
Employee
January 23, 2025

You do have an HSA. You can't say that you don't. The contributions are shown in box 12 of your W-2 with code W. Those contributions are already excluded from the amount of wages shown in box 1 of your W-2, so they will not be taxed. The only thing you have to do to prevent your contributions from being taxed is to enter your W-2 accurately.


When you correctly say that you do have an HSA, you will be able to enter your 1099-SA and specify the amount that you spent for qualified medical expenses.