Where to File HSA on 2018 Taxes W-2 Box 12 Code W? - HSA Awareness

When it comes to filing your taxes for the year 2018 and you have an HSA (Health Savings Account), you may wonder where to report it on your W-2 form, specifically in Box 12 with Code W.

Box 12 of your W-2 form is where employers report various types of compensation or benefits provided to employees. Code W specifically represents employer contributions to your HSA.

When you're preparing your taxes, it's crucial to know where to accurately report this information to ensure compliance and potentially benefit from tax savings associated with your HSA. Here's what you need to know:

• Access your W-2 form provided by your employer for the tax year 2018.
• Locate Box 12, which is typically towards the end of the form.
• Look for Code W within Box 12, which designates HSA contributions made by your employer.
• Report the amount shown next to Code W on your tax return: Form 8889 for IRS Form 1040. This is where you will itemize your HSA contributions and calculate any deductions or tax benefits associated with your HSA.

By accurately reporting your HSA contributions on your taxes, you can maximize the potential tax savings and stay compliant with IRS regulations regarding Health Savings Accounts.

When filing your taxes for 2018, understanding where to place your HSA contributions is important, especially in relation to your W-2 form. Ensure that you check Box 12 for Code W, as this indicates your employer's contributions to your Health Savings Account.