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Deductions & credits
TurboTax knows your age on the last day of the year based on your personal information reported. In 2019, the contribution limits are $3,500 and $7,000 respectively for self-only and family plans, with a $1,000 catch-up contribution for taxpayers over age 55.
Under the Deductions & Credits menu, confirm the following:
- Expand the menu for Medical
- Click Start/Revisit next to HSA, MSA Contributions
- Confirm the account ownership and click Continue
- Continue in through the screens until you reach Let's enter your HSA contributions
- Stop here. If all of your contributions were through payroll deductions and reported on your W2, do not enter anything on this screen. If that is the case, either leave the box empty or type $0 in the box next to Any contributions you personally made
Review the screens to be sure that TurboTax does not indicate an excess contribution, as your limit should be $4,500 based on the information provided for 2019.
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March 10, 2020
6:15 PM