Hello,
Turbo Tax is stating that we have and excess HSA Contribution that is incorrect. Information you need to know...
- We have one HSA account with both our names on it that we contribute to.
- Husband is over 55 and contributed 4908 to the HSA through employee deduction, which is reported correctly on the W2 form in Turbo Tax,
- He also had a family HDHP plan every month of the year which is noted in the HSA interview process.
- Wife is not 55 and contributed 3700 to the HSA through employee deduction, which is reported correctly on the W2 form in Turbo Tax.
- She has a self only HDHP plan every month of the year which is noted in the HSA interview process.
- On both husband and wife, the additional contributions (not made through employer) was left blank since no other contributions were made except those through the employer.
- Total HSA contribution made was 8608 which is below the threshold of family contributions (7750) with husband over 55 and his extra $1000 contribution.
- On husband's summary on HSA contributions (on the page where you can enter additional contributions) his 2023 employer and payroll contributions match box 12 of his W-2 (4908)
- On wife's summary on HSA contribution (on the page where you can enter additional contributions) her 2023 employer and payroll contributions do not match what is entered in box 12 on the w-2. The amount it shows on this page is 8608 which is the husband's and wife's contribution combined.
- Again the W-2 box 12 is entered correctly on both spouses
Because of this Turbo Tax is showing an excess HSA contribution. Why is Turbo Tax counting the husband's contribution twice - on his contribution and then also combined with the wife's contribution?
