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Deductions & credits
It is asking for the total value of all of your HSA accounts as of 12/31/2024. You should have received a form 5498-SA. The Fair Market Value (FMV) is reported in box 5 on this form.
The question about your HSA will often be asked if you had excess contributions to your HSA.
Make sure you didn't accidentally re-enter the amount already listed (from box 12 of your W-2) as this will incorrectly double your total contribution amount.
If you overfunded or weren't eligible to contribute to your HSA in 2024, you'll need to withdraw the excess amount by April 15, 2025 to avoid a penalty (October 15 if you filed an extension).
Why am I showing an excess HSA contribution?
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‎February 20, 2025
8:18 AM