Topic List | Page List: 1 |
---|---|
Topic | Anyone good at tax questions? HSA specifically |
swirIdude 01/20/18 5:23:38 PM #7: | The internet says: It has already been deducted off your W-2. Code "W" is for both employer paid amounts and amounts that you had taken from your paycheck. Your HSA contributions are taken pre-tax from your paycheck, so it has already been 'deducted' for tax purposes. When you enter code "W" from box 12 of your W-2 and tell TurboTax that you have a High Deductible Health Plan (HDHP), TurboTax should properly fill out Form 8889. There is nothing else that you would need to do. Just double check that something wasn't missed. Check Form 1040, line 21 to make sure the HSA is not being taxes, and line 60 to make sure it is not charging you a penalty. --- "The people who play Final Fantasy 7 actually have lives and dont NEED polls" ~MajinUltima BKSheikah won Guru, but you know that. ... Copied to Clipboard! |
Topic List | Page List: 1 |