thread Square Payroll: How do I add health Insurance to W-2 Box 1? in Archived Discussions (Read Only)

Square Payroll: How do I add health Insurance to W-2 Box 1?

filmdom — Mon, 01 Jan 2018 20:39:53 GMT

I want to include health insurance premiums paid for a 2% shareholder in TAXABLE income (W-2, Box 1), but I'm not subject to any payroll taxes (FICA, Medicare, SDI), so they should NOT show up in Boxes 3 and 5. Anyone know how to do this? Thanks in advance!

Re: Adding Health Insurance to W-2 Box 1

Helen — Mon, 01 Jan 2018 20:40:24 GMT

Apologies for the delay in this reply @filmdom! If you’re set up as an S-Corp you should see banner on your Payroll Dashboard asking you if you have any health premiums to report.

If you don’t see this banner, please email the Payroll Team directly at payroll@help-messaging.squareup.com with your employee's name and total 2017 health premium reporting amount. These amounts will be added to Form W-2 as well as Q4 tax forms for you.

Re: Adding Health Insurance to W-2 Box 1

stove — Thu, 30 Sep 2021 16:10:34 GMT

Hi, I'm trying to do the same as filmdom. Would I add the amounts to payroll anywhere? Like, would I add to Company Contributions each time I run payroll? Because that doesn't seem to take out additional income tax. Or ask payroll team to add it to my w-2, with assumption that the S Corp will take are of the payments outside of square.

Re: Adding Health Insurance to W-2 Box 1

JJ_ — Fri, 01 Oct 2021 21:34:24 GMT

This sounds like a good question for our Payroll team, @stove

They can take a look at your account with you to help a shine light here. Since we don't have the ability to discuss account-specific details with you openly here in the Seller Community, please reach out by phone or email when you have a moment by logging into your Square account and heading here.

P.S. Welcome to the Seller Community ✨