What Happens If My Employer Did Not Report HSA Contributions on Line 12 W?

Discovering that your employer did not report your HSA contributions on line 12 W can be concerning, but it's important to understand the next steps to take in this situation. When this happens, the IRS may not have accurate information about your HSA contributions, which could impact your tax filings and potential penalties.

If your employer did not report HSA contributions on line 12 W, you should:

• First, communicate with your employer about the oversight to see if they can rectify the error.
• Keep detailed records of your HSA contributions and any correspondence with your employer regarding the issue.
• Consider reporting the contributions yourself on your tax return to ensure accurate information is provided to the IRS.
• Be prepared for potential IRS inquiries or audits due to discrepancies in reported HSA contributions.
• Consult with a tax professional for guidance on how to proceed and any potential consequences.

If your employer neglected to report your HSA contributions on line 12 W, don’t panic. Follow these steps to ensure you are protected and that your contributions are accurately reported. Start by contacting your HR department to discuss the omission, as they may be able to correct it promptly.