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April 14, 2025
Question

I have contributed to my HSA account after tax. On my w2 from I have a 12b w item. Is that accurate?

  • April 14, 2025
  • 1 reply
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I have contributed to my HSA account after tax. On my w2 from I have a 12b w item. Is that accurate? Am I going to be double taxed? 

    1 reply

    April 14, 2025

    Are you saying that you have entered your contributions twice, once in box 12 on the W-2 with a code of W, once once as "personal contributions" in the HSA interview.

     

    The code W amount in box 12 on your W-2 is the sum of what your employer contributed plus what you contributed through payroll deduction. This is before tax, because the code W amount is removed from Wages in boxes 1, 3, and 5 on the W-2 before it is printed. 

     

    It is also possible to contribute to your HSA after tax by making contributions directly to your HSA custodian, not through your employer.

     

    At this point, I am not sure what you did: through your employer, directly to the HSA custodian, or both?

     

    What is important that you NOT repeat your payroll deductions as a "personal" contribution. That would be double-dipping.

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