WingMan7
New Member

HSA catch up contribution

I am 60 years old and contributed $4,500 to my HSA in 2019 ($3,500 IRS limit plus the $1,000 catch allowed if you are over 55).  Turbo Tax Deluxe tells me I over contributed $760 and will be taxed 6% of the overage. I have the most recent updates and my birth date is entered correctly.  What am I doing wrong?

 

"You may want to withdraw money from your HSAs

It looks like xx has an excess contribution of $760.  This amount is being taxed at 6%"