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HSA contributions for tax purposes

Posted on 2/17/19 at 12:18 pm
Posted by Dayman
Member since Sep 2015
713 posts
Posted on 2/17/19 at 12:18 pm
This was my first year with an employer-provided HSA. I made somewhat substantial pretax contributions (over $4000). Now, on my W2, those contributions are listed as being made by my employer.

Is this typical? Filing taxes online, and I am prompted to provide my personal contributions to the HSA, but every contribution is listed as made by my employer.

Posted by AnonymousTiger
Franklin, TN
Member since Jan 2012
4863 posts
Posted on 2/17/19 at 12:47 pm to
This should already be represented in your W2. You shouldn't need to enter it separately on turbo tax or other online filings.
Posted by Dayman
Member since Sep 2015
713 posts
Posted on 2/17/19 at 3:06 pm to
It is provided on my W2. But it is provided as employer contributions--not employee contributions.
Posted by nctiger71
North Carolina
Member since Oct 2017
1319 posts
Posted on 2/17/19 at 4:24 pm to
It has been a while since I contributed to an HSA (retired) but I recall having that same issue/confusion. I just did what TurboTax said to do and it took care of the rest.

I can not say I understand it, and sure can not explain it, but I was confident TT made the correct calculations.
Posted by Teddy Ruxpin
Member since Oct 2006
39566 posts
Posted on 2/17/19 at 4:52 pm to
It doesn't matter because the HSA cap is an absolute cap that both employee and employer must follow.

This is unlike a 401k where the employee and employer maxes are very different (which add up to an absolute max).
This post was edited on 2/17/19 at 4:53 pm
Posted by Lion4Life
Louisiana
Member since Sep 2012
424 posts
Posted on 2/18/19 at 5:50 am to
It’s considered a cafeteria deduction so therefor the employer contribution representation is accurate.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37034 posts
Posted on 2/18/19 at 10:13 am to
quote:

and I am prompted to provide my personal contributions to the HSA, but every contribution is listed as made by my employer.


Contributions made through your employer are not considered "personal contributions" in this sense. This is true even if the contributions were made out of your pre-tax wages.

You already got the deduction via the pre-tax deal. If you enter them in here as well, the software may try to give you an additional deduction.

If you did't contribute the money pre-tax through your employer, you would enter here and take the deduction at this time.
Posted by Dayman
Member since Sep 2015
713 posts
Posted on 2/19/19 at 6:22 am to
Makes sense. Thanks everyone
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