OPM
Returning Member

Retirement tax questions

@BillM223 I am using the desktop version of TT Home & Business (Windows), and yes it is updated.  I see this problem after going through the sequence to enter a 1099-SA (under deductions and credits/medical).  In the middle of the sequence it correctly shows that my payroll contributions were $8000.  I had an HDHP all year so there are no prorations etc.  No special circumstances either (medicare, etc).  On a subsequent screen it says "You may want to withdraw money from your HSA"/"It looks like you have an excess contribution of $100.  This amount is being taxed an extra 6%."  It asks me if I plan to withdraw the $100 on that screen, I say no.  The ending "HSA Summary" screen has these two lines in it:

 

Taxable employer contributions        $100

Tax-free employer contributions      $7900

 

This is clearly incorrect.  There is no excess contribution but TT thinks there is.