AnnetteB6
Employee Tax Expert

Deductions & credits

The contribution limit for a Health Savings Account for 2020 is $7100 for Family coverage and $3550 for Self coverage.  The limits are increased for someone who is 55 years old or older as of December 31, 2020.  

 

There are no known issues within TurboTax regarding the 2020 limits being applied incorrectly.  If you are using the CD/downloaded version of TurboTax, please be sure you have updated the program to the latest version.

 

For more information see the following TurboTax articles:

 

What is a health savings account (HSA)?

 

@hephalump

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