- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Hello,
I have a similar sitaution to these although I am not older than 55yrs of age. My wife and I got married in 2021 (july to be exact). I had a HSA that I maxed out ($3600). She had a family plan (2 children on her plan) that she didn't max out but contributed $3600 and her employer contributed $1187 (a match). Turbo tax is saying we over contributed the $1187. Therefore we have a 6% penalty (of only $72) but are being taxed on the $1187 wich is like $300+. This doesn't seem right, especially the 6% penalty.
Box 12w on W2 says $3600 for me and $4787 for her, but again she had a family plan with 2 dependents at the time.
Please help on this
‎April 18, 2022
1:19 PM