Where is the Amount I Contributed to HSA on W2 Form?

When it comes to Health Savings Accounts (HSA), understanding the tax implications is essential. One common question that many individuals have is regarding the location of their HSA contributions on their W2 form.

Before delving into where you can find your HSA contributions on your W2 form, let's first clear some basics about HSA contributions:

• HSA contributions are made on a pre-tax basis, meaning they are tax-deductible.
• Employers may also contribute towards your HSA, and those contributions are excluded from your taxable income.

So, where exactly can you find the amount you've contributed to your HSA on your W2 form? The HSA contributions are typically included in Box 12 of your W2 form with the code

When preparing your taxes, locating your Health Savings Account (HSA) contributions on your W2 form can be a daunting task. However, it’s crucial for understanding your financial picture.

Your HSA contributions will oftentimes be located in Box 12 with the code W. This can include contributions made by both you and your employer, signifying how much you have saved for future medical expenses on a tax-advantaged basis.

Remember, these contributions not only help with immediate medical costs but also offer you potential long-term savings benefits. For the year 2021, those limits, set by the IRS, state that individuals can contribute up to $3,600, while families can contribute up to $7,200.