What do I do if the Turbo Tax APP is wrong? It added $9060 for contributions made by my employer to my HSA when it was only $300.

Forum|Forum|1 year ago
September 26, 2024
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TurboTax Deluxe Online

Best answer by dmertz

"Employer contributions" to an HSA consist of all contributions made through the employer, including those that you make by payroll deductions, and are reported with code W in box 12 of your W-2. Make sure than you do not report as personal contributions any amounts contributed by payroll deduction.

Anonymous_

Employee

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dmertzAnswer

Employee

Mike9241

check what's on your actual w-2 for box 12 W vs what you entered in Turbotax.

if you only gave $300 and the employer made no matching contribution 12W on your w-2 should be $300

if your actual w-2 shows $9k contact your employer

if both your W-2 and the entry in Turbotax are $300 contact support

by the way any amount on 12W in Turbotax should appear on line 9 of form 8889 do not enter as your own direct contributions., those would appear on line 2.

since this HSA contribution is through the employer the deduction you get is by a reduction in your taxable wages. there should be no deduction on schedule 1 line 13