TurboTax is saying I overpaid on HSA, stating I must remove $1456 by tax time this year to avoid 6% overpayment penalty.
I contributed for 8 months and retired in month 9. My employer has less than 20 employees so they stopped both their and my contributions beginning in Sept. I continued to work thru 12/31/21, and paid for Medicare during the last 4 months of work. How could an overpayment happen?
Turbo additionally stating I must remove $1456 by tax time this year to avoid 6% overpayment penalty on the HSA contributions in 2021. But there is only $1117.00 in the account. What is the best way to handle this in Turbo?
