Contact UsSUGGESTIONS FOR DETERMINATION OF EMPLOYEE HEALTH SAVINGS ACCOUNT CONTRIBUTIONS
FORM 5498-SA IS OFTEN NOT AVAILABLE AND WHEN IT IS DOES NOT SPECIFICALLY SHOW EMPLOYEE CONTRIBUTION
I HAVE BEEN USING W-2 BLOCK 12 CODE W, IF THE AMOUNT SHOWN DOES NOT REDUCE BLOCK 1 WAGES I AM ASSUMING AMOUNT IS EMPLOYEE CONTRIBUTION.
I HAVE BEEN USING W-2 BLOCK 12 CODE W, IF THE AMOUNT SHOWN DOES NOT REDUCE BLOCK 1 WAGES I AM ASSUMING AMOUNT IS EMPLOYEE CONTRIBUTION.
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Tax Professional Answers
William Rogers, CFP, MBA, EA
Yes, you are right you can review W2 Box 12 Code W and check to see if the Box 1 wage amounts were reduced compared to Box 3 and Box 5. You may want to review a few paystubs to see how the HSA contributions were reported by the payroll provider.
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387 weeks ago