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Calculating NJ state wages with complex HSA contributions

💸 moneysocial problemSingle report ●●●●● severity 3/5

A New Jersey resident working in New York is unsure how to calculate their NJ state wages for tax filing because NJ does not allow the deduction of HSA contributions from state income, and they are unclear how to account for three different sources of HSA contributions (employer, payroll deduction, and personal contribution).

Who's affected: A New Jersey resident working in New York

⚠️ Single report. This is one person's account. We mark it so until more voices confirm it.

What people do today

🔧 Fix this

Ideas a builder, maker or community group could start on:

  1. A specialized tax calculator tool for NJ residents that inputs W-2 data and HSA contribution types to output the correct NJ-1040 line items
  2. A browser-based guide or decision tree specifically for multi-state workers to reconcile HSA contributions with NJ state tax law
  3. A standardized template for employers to provide supplemental tax statements for employees in states with non-conforming HSA tax laws
I want to build this

Real voices

“I am a resident in NJ,which does not allow deduction of HSA contributions from state income. I have three sources of HSA contributions”

Source: Stack Exchange (money) · CC BY-SA 4.0, user-contributed content from Stack Exchange; summarized and modified

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