Additional Tax on HSA account

Forum|Forum|4 years ago
March 8, 2022
3 replies
14 views

I'm showing an additional tax of 268 on a client. She contributed below the HSA max of 4600, she contributed $4,530 and her employer contributed 4530. Why would the program charge an additional tax if the contribution is below the 4600 max?

What am i missing.?

ProSeries Professional

This topic has been closed for replies.

Best answer by Just-Lisa-Now-

Sounds like you entered the amount twice, once on the W2, once again on the 8889....you only enter whats on the W2, unless an additional contribution was made outside of payroll.

Just-Lisa-Now-

Intuit Community Champion

How much is showing in Box 12 of the W2, Code W?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Just-Lisa-Now-

Answer

Intuit Community Champion

Sounds like you entered the amount twice, once on the W2, once again on the 8889....you only enter whats on the W2, unless an additional contribution was made outside of payroll.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

J

jeffmcpa2010

Level 10

1. Are you sure they both contributed $ 4,530. (IE She wrote a check to deposit the exact same amount as the employer reported on the W-2 for combined Employer contribution plus employee contributions withheld?)

If they both did contribute $ 4530, She is almost double the annual $4600 limit you reference.

qbteachmt

Level 15

"W-2 box 12 code W is 4,530"

Perhaps this is where you are confused?

"'she contributed $4,530 and her employer contributed 4530"

Unless she also contributed outside of payroll, that amount reported is the Combined amount. You don't also enter it as if she contributed separately. It's all rolled together and reported in that code box. There is no separate reporting of it anywhere.

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