taxn00b Posted April 27, 2021 Report Share Posted April 27, 2021 Dumb question: Is there any case in which code W in box 12 of the W-2 is not generated as a result of contributions to an HSA made through a cafeteria plan? Where these amounts could be deductible? Thanks! Quote Link to comment Share on other sites More sharing options...
Lee B Posted April 27, 2021 Report Share Posted April 27, 2021 That would be double dipping Quote Link to comment Share on other sites More sharing options...
taxn00b Posted April 27, 2021 Author Report Share Posted April 27, 2021 19 minutes ago, cbslee said: That would be double dipping That's what I thought... but I just wanted to make sure there wasn't a circumstance in which there were contributions reported in box 12 code W which may not be made through a cafeteria plan. Quote Link to comment Share on other sites More sharing options...
Lee B Posted April 27, 2021 Report Share Posted April 27, 2021 My past experience with clients, where both the employer and the employee were contributing to an HSA, was that it was helpful to have a copy of the employee's last pay stub along with the W-2 as a confirmation. 1 Quote Link to comment Share on other sites More sharing options...
Max W Posted April 28, 2021 Report Share Posted April 28, 2021 California, and there may be other states, does not conform to the treatment of HSA contributions and does not allow a reduction in taxable income. Sometimes the W2 has will show the same income for federal and state, in which case an adjustment on the state side has to be made. Quote Link to comment Share on other sites More sharing options...
joanmcq Posted May 5, 2021 Report Share Posted May 5, 2021 ATX automatically make the CA adjustment with code W. Quote Link to comment Share on other sites More sharing options...
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