I am stuck at the beginning: 2020
2020 - Self plan - last month rule - annual HSA contribution limit - $7,200 - HSA contributions - $5396 (TPs 3550, Emp 1846)
It appears that you two (or maybe just your husband) had only Self only coverage in 2020. If you would have had Family coverage in 2020, then TurboTax would have invoked the last-month rule for December 1, 2020, and the annual HSA contribution limit would have be $7,200 - meaning no possible excess. You would have had an excess only if you (he) used the last-month rule for December 1, 2020 on a Self-only plan, for an annual HSA contribution limit of $3,550...which added to the company's $1,846, would make an excess of (drum roll) $1,846.
So is that correct that your husband/you had Self-only HDHP coverage for 2020?
I ask because you said that "each year we have been putting the maximum family limit into the HSA " and this does not seem likely.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
