Question

If I do not have an HSA or HD Health plan, but have a section 125 FSA, should I have a W in box 12 of my W-2?

Forum|Forum|2 years ago
February 7, 2024
1 reply
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I have never had a W in box 12 before, and my employer says that they use new software, so this must be a change due to that.

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A

AnnetteB6

No, you should only have a W in box 12 if you have a Health Savings Account (HSA) with contributions made through your payroll system. You should request a corrected W-2 because this will affect your tax return.

Section 125 FSA (flexible spending account) are funded with pre-tax money and not reported on your tax return. They may be shown on your W-2 for your information, but it would be in Box 14, not box 12.

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