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Get your taxes done using TurboTax
Thank you for responding. I think I figured it out.....There is a title 'Report Archer MSA Contributions', and the specific action is 'Enter all contributions made for 2023 to regular MSAs or Archer MSAs owned by you or your spouse. Include any employer contributions'. I entered the $5000 because it was a contribution to a regular MSA, which is what the question asked. Once I removed that and left the 'All 2023 MSA Contributions' box blank, the process corrected and I am no longer overfunded. The Your HSA Summary now shows the $5000 as Tax-free Employer Contributions and there is no excess contributions. This line of questioning doesn't make sense though, it seems it should only be asking for contributions to Archer MSAs?
March 18, 2024
2:14 PM