How to Identify if You Were in an HSA Plan on Your W2

As tax season approaches, you may be wondering how to determine if you were in a Health Savings Account (HSA) plan based on your W2 form. Understanding this information is crucial for proper tax filing and maximizing the benefits of an HSA.

On your W2 form, look for the following indicators to confirm if you were in an HSA plan:

• Box 12 with Code W: This box reports any contributions made to your HSA by both you and your employer. The amount will be mentioned next to Code W.
• Box 14: Some employers may disclose HSA-related information in Box 14 of the W2 form, such as employer contributions or other relevant details.

If you spot the above details on your W2, it confirms that you were indeed part of an HSA plan during the tax year.

It's that time of year again! As you gear up for tax season, being able to identify if you participated in a Health Savings Account (HSA) plan is essential. Your W2 form holds the key to this information.

To confirm your enrollment in an HSA plan, examine your W2 closely. The crucial signs to look for include:

• Box 12 Code W: Contributions to your HSA made by both you and your employer are reported here. You’ll find the total amounts listed right next to this code.
• Box 14: In some cases, employers might provide additional details about your HSA contributions in this box, such as any extra funds added by your employer.

Identifying these markers on your W2 will ensure you're accurately reporting your tax situation and maximizing your HSA benefits!