Where Does HSA Amounts Show Up on W-2?

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax advantages. One common question that people have is where the HSA amounts show up on their W-2 forms. Let's dive into this to provide clarity.

On your W-2 form, you can find information relating to your HSA contributions under the 'Wages, Tips, Other Compensation' section in Box 12 with a code 'W.'

It's essential to understand that the contributions you make to your HSA are tax-deductible, which means they are excluded from your taxable income. This can ultimately lower your overall tax liability.

When you contribute to your HSA through payroll deductions, these contributions are made pre-tax, which reduces your taxable income. This is a valuable benefit of utilizing an HSA and can help you save on taxes.

For those navigating tax season, it's crucial to know where your Health Savings Account (HSA) contributions appear on your W-2. Typically, you'll find these amounts in Box 12 under the 'W' code, which specifically outlines the total contributions made.