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Is the amount in Box 12 Code W included in the total income shown in boxes 1, 3 or 5?

Forum|Forum|7 years ago
June 5, 2019
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Best answer by LeeM

Not usually. In most situations, your employer's contributions to your HSA are excludable from your income, and therefore don't need to be shown as income, or wages on your W-2.

However, all employer contributions to your HSA must be reported in box 12 of Form W-2, with the code "W." Your contributions, added to your employer's contributions, can't exceed the allowable maximum contributions for the year.

L

LeeMAnswer

Employee

Not usually. In most situations, your employer's contributions to your HSA are excludable from your income, and therefore don't need to be shown as income, or wages on your W-2.

However, all employer contributions to your HSA must be reported in box 12 of Form W-2, with the code "W." Your contributions, added to your employer's contributions, can't exceed the allowable maximum contributions for the year.