So, I received a bill from the IRS saying I had exceeded the allowable HSA contribution amount when I'm over 55, filed jointly and contributed $8,200. How can it be that I over contributed when the allowable amount for 2021 is $8,200 for a family and over 55? TurboTax filled out form 5329 and calculated a 6% tax amount of $492 on the $8200 contribution. Why then was this entire amount not rolled up into my total tax bill so I could pay it when I filed? Now the IRS letter said I payed only $455.39 of that amount owed and still owe the difference ($36.61) along with penalty and interest charges of $22.80. What is going on here?
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