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HSA Account Value Impacts Tax Liability
I am filing tax return for 2024 and when I entered my HSA account value by year-end, my tax liability increased a lot. I have normal distribution in 2024 due to medical expense but I did NOT contribute to the HSA account in 2024 at all (all values are from previous years that was contributed within the limit). I suspect turbotax considers this is overfunded. Anyone know how I should resolve it? Should I just put 0 as year-end account value?
‎February 25, 2025
3:11 PM