HSA Contributions reported on W-2

Forum|Forum|6 years ago
March 2, 2020
11 replies
59 views

Code W on W-2 on my client's W-2 includes both the employer and employee's contributions. ProSeries is calculating tax due on "excess contributions" when I complete the 8889 forms, even though no excess contributions were made. How do I correct?

ProSeries Basic

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

Thats not what its doing. You need to open the 8889 and check the Self or Family boxes in the smart worksheet below Line 2. Do not enter any figures on the 8889, just check that box and the errors should clear

If youve been in the 8889 and marking boxes and inputting figures, just delete the form and start over

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

4

470pitt

Level 4

But if you do not put the amount the employee contributed he gets not HSA deduction but if he contributed $6500 and the program is taxing him for excess contributions but he can do $7000. Thank You

sjrcpa

Level 15

Your client does not get a deduction for any amount shown on the W-2. The employee share was pretax, or it wouldn't be Code W on the W-2.

The more I know the more I don’t know.

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