Hi, TurboTax expert:
For whatever reason, I ordered both TurboTax 2023 Primer and HR Block Tax for tax year 2023.
So it is the first time I tried to input my tax on both software and compare them side by side.
So far, I just input 2 W2s (one for myself, and one for DW), and to my surprise, both software gave me different Fed tax due amounts, and they are about thousands of dollars difference.
So if my life is simple just with 2 W2s, which one I should trust?
First, my W2 are imported on both ends from ADP automatically, and I have to manually import my wife's.
I have to double-check to make sure there is no manual input error.
After I carefully checked the generated forms on both ends, I found out the difference.
On my W2, under box 12c, there are $7750 amount, I believe it is due to our HSA contribution for 2023 year.
Under Turbotax, this is added in schedule 1f (Income from form 8889), then added into 1040 form line 8,
while under HR Block, schedule 1f is 0, then form 1040 line 8 is 0 too, so makes the total income with $7500 difference, therefor the tax due amount is quite different.
So based on my understanding of HSA, I think HRBlock does it correctly, right?
Why does Turbotax in this case count that $7500 as additional income on 1040 form line 8?
In TurboTax, it did ask question related to HSA contribution after importing my W2. Did I give wrong answer? If so, how should I correct that?
Thanks
