Skip to main content
June 4, 2019
Solved

Why is the amount in box 12b of my W-2 different than the contributions total in box 2 of Form 5498-SA?

  • June 4, 2019
  • 1 reply
  • 0 views
No text available
Best answer by BillM223

These two boxes describe two overlapping but different things.

The code W amount on box 12 on your W-2 includes what your employer contributed in 2018 PLUS what you contributed through payroll deduction in 2018.

Box 2 on the 5498-SA is

1. the sum of all contributions made in 2018 (both Code W and direct contributions)

2. any contributions that you made in 2018 for 2017

3. also includes any trustee to trustee transfers from an IRA to the HSA.

4. however, any excess contributions for 2018 are not included in Box 2.

1 reply

BillM223Answer
June 4, 2019

These two boxes describe two overlapping but different things.

The code W amount on box 12 on your W-2 includes what your employer contributed in 2018 PLUS what you contributed through payroll deduction in 2018.

Box 2 on the 5498-SA is

1. the sum of all contributions made in 2018 (both Code W and direct contributions)

2. any contributions that you made in 2018 for 2017

3. also includes any trustee to trustee transfers from an IRA to the HSA.

4. however, any excess contributions for 2018 are not included in Box 2.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"