HSA Contribution

[Terry D EA]

Client has a pay stub showing company paid contributions to his HSA. There is also a section that shows contributions to the same HSA that was made on his behalf from his net pay by his employer. Aren't those contributions deductible as an adjustment to income on the 1040? 

[Possi]

If he made contributions in after-tax dollars, yes, those are an adjustment. I only have one client who does that. Contributions with work and contributions apart from work, for mine. 

[Terry D EA]

Thanks for confirming my thoughts.

[Gail in Virginia]

14 hours ago, Terry D said:

Client has a pay stub showing company paid contributions to his HSA. There is also a section that shows contributions to the same HSA that was made on his behalf from his net pay by his employer. Aren't those contributions deductible as an adjustment to income on the 1040? 

Just be sure they are AFTER tax contributions, and not before tax.  Not always easy to tell from a pay stub, and taxpayers never seem to know the difference.  

[Lion EA]

If it's on a paystub, it's usually pre-tax payroll deductions plus the employer part, so ALL PRE-tax. If the client wrote a check to his HSA, that would be after-tax.

[Lee B]

I have a client who had post tax HSA contributions deducted from his pay for a number of years.

I had to get his final paystub each year and compare it to his W-2 to make sure.

[Abby Normal]

Having the final paystub every year is always a good idea. I'll have to add it to my organizer questions.

[Terry D EA]

1 hour ago, Gail in Virginia said:

Just be sure they are AFTER tax contributions, and not before tax.  Not always easy to tell from a pay stub, and taxpayers never seem to know the difference.  

They are, this was verified with the employer as well.