HSA Guide
Where Are Employer HSA Contributions Reported on W2?
Published November 8, 2024
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Employer HSA contributions are reported on Form W-2 in Box 12 with a code W. This indicates the amount of money contributed to your Health Savings Account by your employer during the tax year.
When it comes to your Health Savings Account (HSA), understanding where to find employer contributions on your W-2 form is crucial. Employer HSA contributions are neatly reported in Box 12 using code W, which allows you to see how much your employer has contributed towards your health savings during the tax year.
How Box 12 code W affects taxes
It's important to understand how employer HSA contributions are reported on Form W-2 as it affects your tax obligations and HSA contribution limits. Here's everything you need to know:
- Employer HSA contributions are non-taxable and do not count towards your annual contribution limit.
- Contributions made by your employer are not subject to federal income tax, FICA taxes, or state income tax in most cases.
- Box 12 with code W on Form W-2 specifically identifies the employer contributions to your HSA.
- By knowing where to find this information on your W-2 form, you can accurately report your HSA contributions on your tax return.