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Turbotax shows penalty for excess contribution to HSA even though I didn't go over the IRS limits for HSA
Turbotax shows penalty for excess contribution to HSA even though I didn't go over the IRS limits for HSA.
The penalty comes from your $432 penalty for making excess contributions to a Health Savings Account.
I've checked my HSA and my contributions are:
Amount contributed $7,200.00
Employer contribution $1,500.00
Your contribution $5,700.00
Family limit $7,300.00
Amount left$100.00
Neither me nor my wife have another HSA account, and we contributed as a Family, so I can't find out where exactly the penalty comes from.
Could it be a Turbotax glitch?
‎January 26, 2023
3:49 PM