Category for pre-tax money from employer?

For the first time, I have a health savings account (HSA). My employer made a contribution to this account, and I believe that it is not subject to income tax.

Is there an existing Quicken category that applies to this contribution? I mean, employment earnings that are tax-free.

Reply to
David Arnstein
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I use the hidden _HSAEmployerContrib category to track the additional "Personal Income" with the "W-2:Salary or wages, self" tax line item on the paycheck with the transfer to the tax-deferred HSA account entered as pre-tax.

Reply to
Sherlock

It isn't

Is it showing up on your paycheck? When my company did that as a one time contribution, the amount showed up in the HSA account, but not on the pay stub.

If it is on your paycheck and affects your gross pay, I'd think all you do is show a transfer to your HSA account. Then amount should then show up on your W-2 next year as non-taxable.

Reply to
Arthur Conan Doyle

Sherlock, In what ver of Q does that category exist? Because in QW2017 R3, with "show hidden categories checked", I can't find it in my Category list.

Reply to
danbrown

Dan,

As Quicken doesn't provide explicit HSA support, I created the _HSEmployerContrib category many years ago likely modeled on the _401EmployerContrib category.

Reply to
Sherlock

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