My 5498-sa and my w-2 box 12 w don't match
Web"You should receive Form 5498-SA, HSA, Archer MSA, or Medicare Advantage MSA Information, from the trustee showing the amount contributed to your HSA during the year. Your employer’s contributions will also be shown in box 12 of Form W-2, with code W. Follow the Instructions for Form 8889." edit: putting this info in post for clarification WebEmployer contributions are shown on the taxpayer's Form W-2, box 12, code W. Form 5498-SA will be covered in the next topic. Code W amounts may include employee contributions made from a Section 125 Cafeteria Plan (with pretax dollars). These amounts get the same tax treatment as employer contributions and are not deductible on Form 8889.
My 5498-sa and my w-2 box 12 w don't match
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WebWhile IRS form 1099-SA tracks disbursements from Health Savings Accounts (HSA) and Medical Savings Accounts (MSA), form 5498-SA tracks contributions to those same … WebApr 13, 2024 · Our payroll provider messed up the reporting of the employee's HSA and instead of reporting $1500 of HSA contributions in box 12-W, they reported $11000. Do …
WebMar 4, 2024 · Box 12 on client’s W-2 has code W for $5590.08, while he also received a Form 5498SA with box 2 showing $5640.00. Both of these amounts fall under the limit for … WebJan 13, 2024 · Form 5498-SA reports contributions to your Health Savings Account (HSA), Archer MSA, or Medicare Advantage MSA. You don't enter this form into TurboTax; your …
WebMar 21, 2024 · 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... WebJun 10, 2024 · Form 5498-SA is a statement of contributions. In your case of employment contribution, the amount shown on 5498-SA should have already been on your W2 so there's no need to enter it anywhere else. The 5498-SA is for your information only; you don't actually enter it directly. 0 Reply changtc8 New Member June 7, 2024 2:58 PM
WebDiscrepancy between W-2 Box 12, Code W and 5498-SA . know I did not make a contribution in the amount of $208.33 to my HSA separate from my regular paycheck deduction …
WebAdditional information about IRS Form 1099-SA: Box 1 includes your total distributions for 2024. ... Why doesn’t my W-2 match Form 5498-SA? If the contributions shown on your W-2 don’t match your Form 5498-SA, you probably made after-tax contributions or contributions between January 1 and tax day for the previous tax year. ... underpar stay and playWebJan 20, 2024 · First, box 2 on the 5498-SA often does not match the code W amount in box 12 on the W-2. So the IRS will not flag two different numbers as a problem. The code W … First, box 2 on the 5498-SA often does not match the code W amount in box 12 on … The TurboTax community is the source for answers to all your questions on a range … under par trx1 golf shoesWebLook 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. Share Improve this answer Follow answered Feb 13, 2024 at 20:50 user94160 1 Add a comment -2 My, how clear (our US tax documentation is)! underparty modWebIf the contributions on your W-2 don’t match your Form 5498-SA, you likely made after-tax contributions or contributions between Jan. 1, 2014 and Apr. 15, 2014 for the 2013 tax year. ... contributions made as pre-tax payroll deductions will show on your W-2 [in Box 12]. After-tax contributions won’t appear on your W-2, but will be reflected ... underpass csgo reddithttp://resources.healthequity.com/Documents/2011_TAX_INFO_5498SA_INSERT.pdf underparty cgWebApr 16, 2024 · 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: … underpar golf deals ontarioWebHelping employees build the health, wealth and retirement savings to live their best lives today and the retirement of their dreams 9h Edited underpass - doug maxwell jimmy fontanez