How to Setup Health Savings Account (HSA) Elements Taxable for SIT
(Doc ID 561129.1)
Last updated on AUGUST 11, 2022
Applies to:
Oracle HRMS (US) - Version 12.1.3 and laterInformation in this document applies to any platform.
Goal
In some states, the Pre-Tax Deduction HSA, as well as the ER HSA are both TAXABLE for SIT. In the Tax Withholding Rules for Pre-Tax Deductions, Health Care 125 is listed as non-taxable.
If the employee lives or works in one of these exception states the HSA will tax incorrectly
How do you create a HSA element as PreTax, with a Category of Health Care 125 and have it taxable for SIT?
How do you create a SIT taxable ER HSA element?
Solution
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In this Document
Goal |
Solution |
References |