RaifH
Expert Alumni

Deductions & credits

You and TurboTax agree on the contribution limit of $7,600. If it is saying you over-contributed to your HSA, it must believe your contribution amount was $2,667 greater than $7,600 or that you had over-contributed in a prior year.

 

 Under Let's enter your HSA contributions your employer amount should already be in there from your W-2. Only enter additional contributions, if you paid for them out-of-pocket. Do not include any elective deferrals from your paycheck. That is already included in the amount reported on your W-2 as Code W in Box 12. Answer Did your employer tell you about any other contributions? 

 

A few screens later, TurboTax asks Did you overfund your HSA in 2020? If you filed using TurboTax and did over-fund last year, there may already be an amount in there. If you over-funded last year, you would have to under-fund this year to get rid of the over-contribution amount. 

 

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