martin lynch wrote:

- quote -

Yes. Your employer got a tax break for paying you the compensation in
question.


- quote -

Right. You did NOT contribute it out of your own after-tax pocket.

- quote -

Yes.

-Mark Bole

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Turbotax and Taxcut are giving me different results wrt whether I get
a HSA deduction. I think I've figured out why, but want to make
sure...

I contributed $100 in the year 2008, but through a cafeteria plan.
My W-2 shows in Box 12, an entry for "W" $100. The code "W" refers to
EMPLOYER contributions.

I assume the $100 that I contributed via cafeteria was actually
considered an EMPLOYER contribution for tax purposes.

Thus when Turbotax or Taxcut asks me how much I personally contributed
to my HSA, I should enter ZERO (technically I contributed $100 out of
my own pocket, but it should be considered ZERO because it has already
been deducted from my Box 1 wages, right?).
And when it asks how much my employer contributed, I should enter
$100. Is this correct?

TIA

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<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >