topic Re: HSA limits in Get your taxes done using TurboTax

HSA limits

taxedquestions — Mon, 19 Nov 2018 16:26:39 GMT

The software has the wrong HSA contribution limit for 2018. It should be $7,900 for a family if I am over 55, but the software says I am over-contributed by $150.

Re: HSA limits - Software correction

RSLEONARD820 — Wed, 21 Nov 2018 12:50:25 GMT

Yes, your note is correct, and I'm wondering when the software will be corrected, or if Intuit is available of this error. They are a year behind!!

Re: HSA limits

GabiU — Wed, 28 Nov 2018 16:14:53 GMT

Thank you for the heads up!
We've submitted this to the product department to review.

The product will be going through many changes as the IRS continues to release forms. Stay updated with this FAQ here: IRS Forms Availability.

Re: HSA limits

Anonymous — Mon, 17 Dec 2018 20:40:20 GMT

I posted the original question concerning the correct amounts for the HSA contribution for 55+. Today is 12/17/2018 and the software has not yet been corrected, FYI.

Re: HSA limits

Anonymous — Mon, 17 Dec 2018 20:51:48 GMT

I posted the original question concerning the correct amounts for the HSA contribution for 55+. Today is 12/17/2018 and the software has not yet been corrected, FYI. There is an additional problem with the HSA section, in that it asks "Did L inherit this HSA from your spouse?"...which I didn't. The instructions to the question state that "If you inherited this from your spouse, answer no." The following questions, however, then ask me about the contributions to my HSA, and somehow come to the conclusion that the distributions from my HSA for qualified medical expenses are taxable. This is clearly wrong! Please address this issue with your "product" department as well.

Re: HSA limits

GinaG — Tue, 18 Dec 2018 18:02:03 GMT

Hi there!

It is difficult to test this fully without a bit more information. Keep an eye on your email for a message from Social We Care so we can further assist you in resolving this issue.

Thank you.

Re: HSA limits

GinaG — Wed, 26 Dec 2018 17:39:15 GMT

The issue you described regarding HSA distributions for qualified medical expenses showing as taxable has been corrected with a recent update on 12/20/2018. The update was posted here. Please contact us if you have any further difficulties.

Re: HSA limits

Anonymous — Mon, 31 Dec 2018 19:39:15 GMT

It is now 12/31/2018 and the issue with the HSA has not yet been corrected.

Re: HSA limits

jhnydgrsly — Sun, 03 Feb 2019 17:23:43 GMT

OMG this appears to STILL not be corrected?????? Just happened. what in the world is TT thinking some people have probably filed incorrectly if they are filing on paper ,etc.

????

Re: HSA limits

jhnydgrsly — Sun, 03 Feb 2019 17:39:03 GMT

hi please indicate if users should be sending the following type of issue to an email address or this forum is most appropriate.

For the question TT asks under HSA 'tour': Did {user name} inherit this HSA?

it then says: It's not common, but we have to check. If you inherited this HSA from a spouse, answer No.

This is worded in such a way as to be confusing and misleading in multiple ways.

Consequently this begs for a multiple choice answer first of which could be: you inherited your IRA, but it was from your spouse.

next option choice : you inherited your IRA but not from your spouse and then option 3 you did NOT inherit your HSA.

Literally the Q and one possible A is self-contradictory.

I understand under the rules TT is coming to conclusion that if from spouse it is AS IF the answer is NO but that is so confusing because you are answering no to the initial question even though the literal answer is \yes to the English question asked. imo.

disclaimer: none of this is tax advice nor can be used as tax advice I don't hold myself out to be an expert all users should see their own tax consultant to determine their individual tax situation.

Re: HSA limits

GinaG — Thu, 07 Feb 2019 19:31:27 GMT

Hi @Anonymous ,

I would like to assist you in resolving this. Watch for an email from us with further instructions.

Re: HSA limits

jhnydgrsly — Sun, 17 Feb 2019 19:32:55 GMT

I see this is still not fixed and other issues I have brought up have not been responded to or addressed. If TT is simply going to ignore totally legitimate serious issues then I wont bother posting here and doubt I want to continue with a product for which we are asked to provide input are then ignored!

joke.

Re: HSA limits

diskusha — Sun, 10 Mar 2019 10:28:45 GMT

Please let us know if this issue has been resolved.

In making a purchase/use decision for the 2018 TT product, I'm wondering if I'd be better off cutting ties with TT and pursuing less preferred alternatives.

Thanks.

Re: HSA limits

NCperson — Sun, 10 Mar 2019 11:42:39 GMT

per the moderator posting, it was resolved in December

Re: HSA limits

taxedquestions — Mon, 11 Mar 2019 11:12:34 GMT

I filed the original question. With the updates, TurboTax is now accepting $7,900 as a valid HSA contribution amount. I do not understand the posts that say it is not working now. For me it is.

@NCperson wrote:
per the moderator posting, it was resolved in December

Re: HSA limits

thouck10 — Sat, 16 Nov 2019 01:53:57 GMT

Similar issue is popping up for new 2019 $3500 limit for single

Re: HSA limits

Critter — Sat, 16 Nov 2019 12:53:26 GMT

EVERY year the program is opened up BEFORE it is fully operational ...much of the current beta version is still using 2018 forms & instructions ... MANY MANY updates will happen in the next 3 months to bring the program up to speed for 2019 returns ... so patience will be needed as always.

Re: HSA limits

Critter — Sat, 16 Nov 2019 12:54:29 GMT

When will my forms be ready?

Historically, IRS tax forms start becoming available in January, with a few stragglers (most notably Form 1040X) getting finalized in February.

State tax forms can become available for filing any time between December and late February, depending on the state and the tax form.

For specific forms and dates, refer to the Forms Availability Table for your TurboTax product, see the related information below.

Can I Still Work On My Return Before My Forms are Ready?

Yes, according to the following:

Federal Taxes
You can still work on your return and finish most of it. Once your forms become available, we’ll create the forms and include all of your info.

You’ll only be able to e-file or print your return once the forms are available.

While you’re working on your return, we’ll ask if you want to receive email updates when your forms become available.

State Taxes
If your forms aren’t available, you’ll get a message asking you to return once they become available.

While you’re working on your return, you’ll have a chance to let us know you want to receive email updates when your forms become available.

Related Information:

IRS Forms Availability Table for TurboTax Individual (Personal) Tax Products

Click on the REVIEW tab and the program will tell you what in your return is still now ready and the estimated date it will be (subject to change of course ) ... you can put in for an email alert when they are ready ....