Where Are HSA Contributions Reported on W2?

When it comes to HSA contributions and their reporting on your W2 form, it's important to understand the details to ensure accurate tax filing. HSA contributions are typically reported in Box 12 of your W2 form with the code 'W.'

Box 12 on your W2 form includes various types of compensation and benefits, and 'W' specifically indicates HSA contributions made by both you and your employer. It's essential to differentiate between your contributions and employer contributions for tax purposes.

Here are some key points to keep in mind regarding HSA contributions on your W2:

• Box 12 of your W2 form contains the information related to HSA contributions.
• The code 'W' is used to designate HSA contributions, including both yours and your employer's.
• Your contributions are tax-deductible and should be reported on your tax return separately.
• Employer contributions are not included in your taxable income, but you still get the tax benefits.

By understanding where HSA contributions are reported on your W2, you can navigate tax season with confidence and ensure accurate reporting of your healthcare savings.

Understanding where your HSA contributions are reported on your W2 form is crucial for effective tax filing. Generally, these contributions can be found in Box 12 of the W2 under the code 'W.'