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HSA caps with Catch up not reflected in Turbotax
My wife and I are both over 55, have individual HSA accounts and were covered by a high deductible plan for the full year 2023. My employer deposited $1,000 to my HSA in 2023 and I added another $7,700 during the year. My wife added $1,000 to her HSA in 2023. That adds to $9,700 in total, which should fit under the family cap of $7,750 plus $1,000 catch up for each spouse (total cap of $9,750). Turbo tax is only showing $8,700 as my total HSA contribution.
The Turbo tax HSA summary screen shows $8,700 in my column and $1,000 in the column for my wife (all good, total of $9,700). But the overall Deduction Summary of Turbo tax only shows $8,700. Where did the other $1,000 go?
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March 7, 2024
9:05 AM