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Retirement tax questions
As long as you have not over contributed to your Health Savings Account, there is no reason that making a contribution should reduce your refund.
Here are some things to double-check:
Look at your W-2 entry to see that your HSA contributions were reported in box 12 with Code W. Make sure the number entered is accurate.
You should go back through the HSA section of your return and double-check the entries to be sure that there is nothing entered as an additional HSA contribution. Pay close attention to the screen titled 'Let's enter your HSA contributions' and also the following screen asking about any additional contributions that your employer told you about. Answer Yes, and then be sure all the fields are blank.
Use these steps to return to the HSA section of your return:
- On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
- This opens a box where you can type in “hsa” and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
- The search results will give you an option to “Jump to hsa”
- Click on the blue “Jump to hsa” link and enter your information
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