HSA Guide
Which Box on W2 Shows HSA Contributions?
Published November 29, 2024
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When it comes to understanding your W2 form and HSA contributions, it's essential to know where to look. The box on your W2 that shows HSA contributions is box 12 with code W. This box specifically indicates the total amount of HSA contributions made by both you and your employer throughout the year.
When reviewing your W2 form, it's crucial to pinpoint where your HSA contributions are logged. Youâll find this information in box 12, labeled with code W. This box will reflect the total HSA contributions made by both you and your employer during the year, making it an essential part of your tax documentation.
Why tracking HSA contributions matters
It's important to keep track of this information as HSA contributions are tax-deductible, meaning you can reduce your taxable income by the amount you contribute to your HSA account.