Be aware that if you contributed to an HSA in 2018 your W2 is WRONG because box 12 does not contain code W and the amount you contributed to your HSA. Total silence from HR, people are discovering it themselves, but supposedly ADP will be issuing W2Cs sometime. I highly recommend you open a case with HR Connect so that a tax specialist will confirm your W2C is coming. Unfortunately I have already filed my taxes and did not notice the incorrect W2 because it was imported directly in my tax filing software, so now I have the joys of doing an amended return.
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Make sure that your tax software completes form 8889 correctly. Line 2 should show contributions you made outside of payroll deductions. Line 9 will be the sum of your contributions from payroll deduction and amounts DXC supplied for doing the tasks shown at RedBrick Health. If there's a difference, it'll show on line 13 and be transferred to form 1040 as an explicit deduction for separately-made contributions. Ensure that part II of form 8889 is also completed, as appropriate.
The end result should be no change in your tax liability if you report the contributions yourself or if DXC reports them on form W-2. The reason is that tax liability for payroll-based contributions should already be excluded via your box 1 income in form W-2.
DXC didn't pay one dime into my HSA account last year "2018". Not sure why the code W is applied to the W2 amendment. Code W is for Employer paid amount which is not true. Is this creative accounting or am I missing something? When I apply the amendment into turbo tax it states I owe 550+ for Fed and State tax.
So 8 days later DXC FINALLY admits a problem? What a company.
I just received this notification. I saw this and decided to wait, just in case - and good thing i did.
Just received the email today. Now I have to wait to amend the return.
I've just discovered there's a W-2C for 2017 sitting out there, but not yet one for 2018.
For tax year 2017, I reported the contributions on form 8889. Filing an amended return would result in no difference in my tax liability, so it does not appear to be necessary to file a 1040X. And the contributions were reported, just in a different place.
From the 2017 W-2C (emphasis mine): "Compare amounts on this form with those reported on your income tax return. If the corrected amounts change your U.S. income tax , file Form 1040X, Amended U.S. Individual Income Tax Return, with Copy B of this Form W-2c to amend the return you already filed."
This is only true on the old enterprise services side; not csc side. CSC W2s were correct, but they're on a different payroll syste,
From what TurboTax tells me, code W includes your pretax deductions along with any employer contributions. its reported to ensure it is tax deductible apparently. This is outside of any contributions you made on your own (not from payroll). Explainer: https://support.businessasap.com/article/334-hsa-box-12-w-employer-contributions
Why can't you just report the amount yourself when completing your tax software? Mine has an option to report payroll deductions apart from that W code.
Code W is for employer contributions, not the amount I contributed. Still, if it was omitted erroneously, then adding it will increase my tax liability. I've opened a ticket.
Thanks for the warning! I just checked. My W2 is wrong. Does not have W in box 12, just C and DD. Here I go to open an HR case. Wish me luck.
FYI, My W-2 obtained electronically from the ADP website is correct and does include the various -12- box entries including 12C with a code of "W" with my appropriate HSA amount.
These a-- wipes did the same f---ing thing last year. It’s incredible that a company can get tens of thousands of W2s wrong once. Two years in a row is just insanity.
I empathize. What do you expect? The DXC Payroll VP is in India (and his reports don't read or speak English). The payroll administration (based upon clueless VP directives) is based in Mexico, and the administrators don't speak or read English. Neither the policy or administrative people know US FLSA/ERISA law, and could care less.
Only avenue for recourse is to give DXC an opportunity to rectify (as with, raising a case with HR and copying [ha-ha! gag] Jo Mason. Wait a reasonable time (one week at the outside). Then go to the Dept of Labor to file a complaint while seeking out a highly regarded ERISA/FLSA lawyer. Google it - this is a technical area. As with patent law, the actual practitioners have to conduct it with an "A" game.