- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Clarification on HSA Maximum Contribution
Hello,
In Turbotax it's picking up my employer contribution to an HSA. Quick background.
FY23 first time HSA (started in August), didn't inherit it.
Company seeded it with some money (on the W-2)
We contribute monthly through the employer, but Turbotax said not to include it
No medicaid
As the sw walks me through I pick 'None' for HDHP for Jan-July, and then Family for Aug-Dec, it then says click to Calculate Max Contribution limit. I do that and it comes up as $7,750 and jumps up my Fed Refund by $500ish dollars.
Question: Am I right to pick the $7,750? What am I stating by doing so?
Thank you
‎April 8, 2024
10:16 AM