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Excess Contriution to HSA
Situation:
--Individual employed in two positions, both of which have employer-sponsored health plans (reflected in code, DD, in box 12a on W-2. One of the employers also makes a contribution to an HSA. The entire of this contribution ($1640) is being characterized as excess by TurboTax. This is the only HSA for this individual and well under the $3550 cap for contributions to an HSA.
Question:
-- Why is TurboTax treating the entire and only contribution as excess?
‎February 5, 2020
7:20 PM