Turbotax is saying I have an excess HSA contribution of $425, but how?
Here's my 2022 situation.
To Begin the year, I had an HSA that had been automatically set up through my medical insurance through my employer.
- I never made any employee contributions (no money out of my pocket)
- in 2022 this employer contributed $425 to my HSA ( same amount as excess contribution. is this a coincidence or does it mean something?
- I leave this job partway through 2022 but continue to use this HSA to pay medical expenses, until late 2022 or early 2023, I ran out of funds in this account.
Part way through 2022 I changed companies and start on a new health care plan with a new HSA
- Same as my previous HSA I make no elections to contribute to the HSA myself. no employee contributions.
- my new employer did make a contribution into my HSA. Also around $400. not sure if this contribution was in 2022 or early 2023
- I have spent none of that employer contribution, as the few times I went to the doctor in 2022, I used up the funds from my HSA at my previous job.
To summarize.... Neither plan was family. Each one was individual, just me being covered. I had somewhere between $800 and $900 total contributed (split between 2 HSAs) (possible that half of that, contribution from new employer into 2nd HSA, was actually contributed to begin 2023, so maybe that isn't a factor? But all contributions were employer contributions, I made no employee or paycheck contributions at all in 2022..
Isn't the limit around $3650? Why am I being told I over contributed $425? What do I not understand?
If it makes any difference, my current plan is not an HDHP plan, despite somewhere on turbotax I was told if I have a HSA, I have an HDHP plan. I don't. nowhere on my plan info does it say I have an HDHP plan. and my individual deductible is only $1200. I don't remember details about my health plan at my former employer.
