How to Enter HSA Contributions When Your W-2 is Incorrect

Submitting your HSA contributions correctly is vital for managing your Health Savings Account effectively. If you find errors in your W-2 form, here are the steps you can take to ensure your HSA contributions are accurately recorded:

1. Contact Your Employer: Reach out to your employer to discuss the errors on your W-2 form. Request a corrected form to reflect the accurate contribution amount made to your HSA.
2. Review Your Records: Check your own records, such as pay stubs or bank statements, to verify the HSA contributions you made during the tax year. This will help you compare and validate the information on your W-2 form.
3. Fill Out Form 8889: If your W-2 is incorrect and you have accurate records of your HSA contributions, you can use IRS Form 8889 to report this information. Include the correct HSA contribution amount on this form when filing your taxes.
4. Consult a Tax Professional: If you are unsure about how to proceed or if the discrepancies are complicated, seek advice from a tax professional. They can assist you in navigating the process and ensure your HSA contributions are correctly accounted for.

Managing your HSA contributions accurately is crucial, especially if there are discrepancies on your W-2 form. When faced with such issues, the initial step is to contact your employer to address the errors on your W-2. They can provide you with a corrected version that accurately reflects your HSA contributions.