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Deductions & credits
Double check your entries. It is possible you entered the HSA contribution more than once, and it is considered an excess contribution.
The most common error I see when entering HSA contributions are double reporting. Typically, these payroll contributions are reported on your W-2 in box 12 with code W. If that is the case, no other contribution needs to be reported in the software.
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
Also, verify that you indicated that you participated in an HDHP. If not, the contribution will be "disallowed" and taxable as an excess contribution.
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‎April 27, 2020
10:30 AM