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HSA is listing as zero on deductions?

Forum|Forum|7 years ago
June 6, 2019
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My W-2 box 12 W includes both the employer contribution and my contribution, but the system does not seem to separate them out because on the summary of deductions, a $0 is listed. How do I break out what I contributed to the HSA?

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Best answer by BillM223

It is counter-intuitive but employee contributions to an HSA made through a salary reduction plan with the employer are called the employer contribution by the IRS. This is because both the contributions made by the employer and contributions made by the taxpayer through a salary reduction arrangement are treated the same way (they are both pre-tax).

"Deduction" on the HSA Summary screen refers only to the amount of contributions that you made to your HSA outside of your employer (i.s., not through the salary reduction plan). These would be after-tax dollars.

This amount will be deducted from your taxable income, appearing on line 12 of Schedule 1 (1040) (2019).

[Edited 3/23/2020 1:14 pm CDT - updated post]

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BillM223Answer

It is counter-intuitive but employee contributions to an HSA made through a salary reduction plan with the employer are called the employer contribution by the IRS. This is because both the contributions made by the employer and contributions made by the taxpayer through a salary reduction arrangement are treated the same way (they are both pre-tax).

"Deduction" on the HSA Summary screen refers only to the amount of contributions that you made to your HSA outside of your employer (i.s., not through the salary reduction plan). These would be after-tax dollars.

This amount will be deducted from your taxable income, appearing on line 12 of Schedule 1 (1040) (2019).

[Edited 3/23/2020 1:14 pm CDT - updated post]

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dgilmour22Author

I get it now. After looking at the breakout of the W-2 Box 1 earnings and doing a little math from my last paycheck and the YTD summaries. I see that the HSA contributions were included in "Sec 125" (cafeteria plan) and subsequently subtracted from all of the wage categories.. So they are already out of the income.