Yes, this is because entering your HSA is a two-step process in TurboTax, so you just have to keep going. Since you are
not done entering all your information, this change in the refund is
correct. Remember that refund number is just a work in progress until you're actually done entering in all your information.
HSA information is
entered in 2 sections of TurboTax. First in Wages & Income as a W-2, 12
code W. But then you have to also enter it in the Deduction & Credits
section under HSA, MSA Contributions too. So long as you meet all the
requirements such as only using the HSA distributions for medical purposes and
having a high-deductible health plan (HDHP) then your contributions on the W-2, box 12,
Code W will not be taxed. See the following TurboTax FAQ for more info. https://ttlc.intuit.com/replies/4787864
To jump to the HSA, MSA Contribution
section take these steps:
-
Sign in to TurboTax Online
- Click take me to my return
- Click Federal Taxes
- Click Deductions & Credits
- Look for the Medical, HSA, MSA Contribution section and follow the on-screen instructions
Tax Tip:
If you took any distributions from your HSA then you will receive a
1099-SA. See the following TurboTax FAQ for more info. https://ttlc.intuit.com/replies/3301402
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