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| jIM wrote: - quote - > I have a HDHP and HSA which is provided by my employer.
If you contribute through your cafeteria plan (payroll deduction), then> I contribute some to my HSA > My employer also makes contributions (similar to a 401k match). both your amount and your employer's amount should be shown with a Code W in box 12 of your W-2. - quote - > I have a question as to what is reported on the 1040 tax return for
They are shown on different lines of Form 8889. Check the instructions> myself. > I have one statement showing my HSA contributions coming from the > custodian (JP Morgan Chase). It shows the sum total of all > contributions (it does not show I contributed ~$800 and employer > contributed $750). > Do I report all $1550 of contributions on my tax return? > Should the HSA contributions be reported on my W-2? Turbo Tax made it > read like employer contributions are reported differently than my > contributions. for this form, might answer your question. The idea is, if you already paid no tax because the contributions (yours and your employer's) were excluded from your Box 1 wages, then no further deduction is shown on Form 1040. However if you paid directly into the HSA (not through your employer) and did not exceed the maximum allowed from all contribution sources, then you get an adjustment (deduction) on Page 1 of Form 1040. - quote - > In addition ~$35 of my employer's contribution (for 2008) was
It counts for 2008, see worksheet in Form 8889 instructions.> deposited in 2009. The HSA statement reflects this. If I can > actually claim the $35 employers contribution, can I claim it on my > 2008 return? - quote - > I am fustrated with Turbotax because I cannot see the return until I
Most tax software installed locally will let you preview the completed> file it, but I don't want to file it until I see how this was added on > the tax return. If someone knows a better way, let me know. forms on-screen, not sure about web-based versions. -Mark Bole -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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