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Deductions & credits
No, I meant $4,150 for your 2024 contribution.
First I want to clarify that we are talking about an HSA contribution for 2024, made in early 2025. This is OK, but you HAVE to make sure that the HSA custodian understands this because their default behavior will be to put it under 2025. You have until April 15th to make this contribution.
Let's think about it, if your HSA contribution limit for 2024 is $4,150 and you want TurboTax to declare an excess of $3,650 (to match your 1099-SA), then your total contributions need to be $7,800, right? I did misstate that above...you do want to declared excess to match the 1099-SA that you already have.
So if your carryover is $3,650 (and secretly on line 2 as a "personal" contribution), then you need to add in $4,150 in additional contributions, so TurboTax will declare an excess of $3,650, to match your 1099-SA. I tested tis and it works.
When TurboTax asks you if you overfunded the previous year, you can answer Yes and enter $3,650, even though if all is working, TurboTax will already know this.
Make sense now?
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