Is HSA amount on taxpayer's W-2 box 12 deductible on their 1040 tax return?

Forum|Forum|2 years ago
March 19, 2024
3 replies
16 views

A taxpayer's W-2 box 12c shows code W and $2,000.00 by it.

Is the $2,000.00 deductible on the taxpayer's tax return?

Thank you for any & all information.

Lacerte Tax

This topic has been closed for replies.

Best answer by poolcleaner

It is necessary to go to Form 8889 to say that you are eligible for the HSA account and fill in Line 3 or you will be taxed on the employer contribution.

Another Former All Star

rbynaker

Level 13

No.

sjrcpa

Level 15

But you do have to show it on the 8889.

The more I know the more I don’t know.

qbteachmt

Level 15

It's already part of the W2. There is no further benefit for the amount already treated beneficially for tax purposes as part of payroll. The W indicates it is employer contributions, as well, so no, there is no deduction for something you didn't incur, anyway, even though employer payroll HSA is treated as having been made by the employee. It's already contributed pre-tax.

Don't yell at us; we're volunteers

P

poolcleanerAnswer

Level 8

It is necessary to go to Form 8889 to say that you are eligible for the HSA account and fill in Line 3 or you will be taxed on the employer contribution.

Another Former All Star

M

mikeburgAuthor

Level 3

Thank you all for your information. Thanks a million. mikeburg

Sign up

Login with SSO

Let's get you signed in

Login with SSO

Scanning file for viruses.

This file cannot be downloaded