HSA excess contribution

celloman
celloman Member Posts: 1 Newcomer
in Income

My employer included all HSA contributions in box 12 on my W2, including some excess which was removed a day before the end of the tax year (Dec 2024). They later sent a corrected W2 which included the withdrawn HSA excess contribution in box 1 Wages. Should I include the HSA excess from box 1 or box 12 on the W2? If I include both places (going through the FreeTaxUSA interface where I report removing the excess), this amount of money will be double counted/taxed as wage income and other income in Box 8.

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Answers

  • MatthewD
    MatthewD FreeTaxUSA Team Posts: 602

    Hi Celloman,

    Are you amending your return with the W-2 Corrected form? If you are, you need to alter your W-2 box 1 and box 12 amounts and also the HSA section on the amendment. That should be all that you need to do, and the excess will be adjusted based on the amendment. Also, I recommend you contact Customer Support while signed into your account, so they can help you with the amendment, if you are amending.

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