Short Answer: Both the employer and pre-tax employee HSA contributions made through payroll are reported on the Form W-2 in Box 12 with Code W. This reporting includes the employer contribution amount and the amounts contributed by employees pre-tax through payroll (via the Section 125 cafeteria plan).
Which box on W-2 is HSA?
Box 12
Employers must report all employer and employee Health Savings Account (HSA) contributions made through payroll as a single aggregated amount on the employee’s form W-2 in Box 12 using code W.
How should contributions to an HSA show up on a W2?
Look at Form 5498-SA: employee contributions to an HSA equal contributions on that from MINUS those on your W-2 Box 12 “W”. For most people the two amounts are the same. You can only deduct the difference. My, how clear (our US tax documentation is)! Based on my experience, box 3 & 5 are earnings minus HSA contribution.
What happens if your employer does not put your HSA contributions?
When you look at your W-2, Box 12 should have a section that lists your HSA contributions along with the letter “W.” This is the code specific to HSA contributions. If no such code exists but you have a figure in that box, your employer may have simply forgotten the code.
Where is the employer contribution on a W2?
Employer vs. Employee Contributions on W2. When you receive your W2 at year end, you will have a Box 12 marked with “W” and your employer contributions for the year. As mentioned, this amount will contain: Amounts your employer contributed to your HSA. Amounts you contributed to your HSA through your employer via a cafeteria plan.
Do you get form 5498-sa for HSA contributions?
We know that you should be receiving Form 5498-SA from your HSA custodian that outlines the total contributions that went into your HSA during the year. However, this form is a lump sum total: it does not break out employer (no tax impact) vs. employee (tax deductible contributions); it just shows how much went into the account that year.
