https://ttlc.intuit.com/community/tax-credits-deductions/discussion/when-turbotax-is-asking-for-the-total-value-of-all-my-hsa-accounts-is-that-what-i-contributed-or/01/145274#M19578 Sat, 01 Jun 2019 07:28:49 GMT shidanhug 2019-06-01T07:28:49Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/when-turbotax-is-asking-for-the-total-value-of-all-my-hsa-accounts-is-that-what-i-contributed-or/01/145274#M19578 Sat, 01 Jun 2019 07:28:49 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/when-turbotax-is-asking-for-the-total-value-of-all-my-hsa-accounts-is-that-what-i-contributed-or/01/145274#M19578 shidanhug 2019-06-01T07:28:49Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-total-value-of-all-hsa-accounts-is-the-sum-of-what-yo/01/145284#M19579 <P>The total value of all HSA accounts is the sum of what you have in the account(s) on a given day (12/31/2018, I assume).</P><P>Note that if you are being asked this question, you probably have an excess contribution that you are not withdrawing. The IRS charges you the lesser of 6% on excess contributions that you carry over or the total value of your HSA.</P><P>The total value of each HSA (you probably have only one) can be found on form 5498-SA. If you have not received this form yet, go to your HSA administrator's website and see if you can download it from there, or alternatively, speak to a customer service agent at that website. <BR /></P> Sat, 01 Jun 2019 07:28:51 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-total-value-of-all-hsa-accounts-is-the-sum-of-what-yo/01/145284#M19579 BMcCalpin 2019-06-01T07:28:51Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-the-total-value-of-all-hsa-accounts-is-the-sum-of-what-yo/01/3500334#M337363 <P>Okey but i have 3 different numbers on the form 5498SA and none of them says value just a different contributions how do i know which one ?&nbsp;</P> Thu, 20 Feb 2025 16:03:57 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-the-total-value-of-all-hsa-accounts-is-the-sum-of-what-yo/01/3500334#M337363 JustAGirlr 2025-02-20T16:03:57Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-when-turbotax-is-asking-for-the-total-value-of-all-my-hsa-accounts-is-that-what-i-contributed/01/3500384#M337365 <P><SPAN style="font-size:14px;">It is asking for the total value of all of your HSA accounts as of 12/31/2024. &nbsp;You should have received a form 5498-SA. The Fair Market Value (FMV) is reported in box 5 on this form.</SPAN></P><P>&nbsp;</P><P><SPAN style="font-size:14px;">The question about your HSA will often be asked if you had excess contributions to your HSA.&nbsp;</SPAN></P><P><SPAN style="font-size:14px;">Make sure you didn't accidentally re-enter the amount already listed (from box 12 of your W-2) as this will incorrectly double your total contribution amount.</SPAN></P><P>&nbsp;</P><P><SPAN style="font-size:14px;">If you overfunded or weren't eligible to contribute to your HSA in 2024, you'll need to withdraw the excess amount by April 15, 2025 to avoid a penalty (October 15 if you filed an extension).</SPAN></P><P>&nbsp;</P><H2><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/medical-tax-credits-deductions/showing-excess-hsa-contribution-2021/L9Kd0rEKr_US_en_US?uid=m7djnc32" target="_blank"><SPAN style="font-size:14px;">Why am I showing an excess HSA contribution?</SPAN></A></H2><P><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/128293">@shidanhug</a></P> Thu, 20 Feb 2025 16:19:39 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-when-turbotax-is-asking-for-the-total-value-of-all-my-hsa-accounts-is-that-what-i-contributed/01/3500384#M337365 MayaD 2025-02-20T16:19:39Z