Which Part of Box 12 on a W-2 Shows My HSA Contribution?

When you receive your W-2 form, you may see various codes and amounts in Box 12. These codes represent different types of compensation or benefits you received throughout the tax year. If you made contributions to a Health Savings Account (HSA), the specific code to look for in Box 12 is 'W'.

The 'W' code in Box 12 of your W-2 form indicates the amount that you contributed to your HSA during the year. This information is essential for tax purposes as it helps determine your tax liability and deductions related to your HSA contributions.

When reviewing your W-2 form, make sure to locate the 'W' code in Box 12. The corresponding amount next to this code shows the total sum of your HSA contributions for the year.

When checking your W-2 form, it's crucial to identify the various codes present, especially the 'W' in Box 12, which indicates your Health Savings Account (HSA) contributions for the year. Remember, this code is not just a random letter; it helps ensure you reap the tax benefits of your HSA.