Which W2 Box 12 Code is Contributions to HSA?

When it comes to finding out which W2 Box 12 code represents contributions to a Health Savings Account (HSA), it's important to look for the specific code that signifies these contributions. Typically, the code for HSA contributions is Code W.

Box 12 on your W2 form contains various codes that show the different types of compensation and benefits you received during the tax year. Among these codes, Code W specifically represents HSA contributions made by you or your employer.

Here are some key points to remember regarding HSA contributions and W2 Box 12:

• Code W is used to indicate HSA contributions.
• HSA contributions are typically made on a pre-tax basis.
• Contributions to an HSA enjoy tax advantages.
• Employer contributions to an HSA might also be reported in Box 12 with a different code, such as Code DD.

To determine the specific W2 Box 12 code for contributions to your Health Savings Account (HSA), look for Code W. This crucial code not only reflects your contributions but also helps you understand your tax benefits.