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New Member
posted Dec 4, 2021 7:59:55 AM

2021 HSA Contribution Limit

TurboTax for Windows is using the wrong contribution limit for HSAs for 2021.  The contribution limit for a family HSA is $7200 not $7100.   The program wrongly reports a $100 excess contribution amount when $7200 is provided as the total of contributions and gives the option to have that amount taxed at 6% or to withdraw the $100.

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2 Replies
Level 15
Dec 4, 2021 8:04:37 AM

The software has not yet been updated for the 2021 contribution limit.  TurboTax must wait for the IRS to finalize the forms and instructions before the software can be updated.

New Member
Dec 20, 2021 12:43:04 PM

I think Turbotax should be able to correct this because the 2021 HSA contribution limits for family and individuals were established before 2021 and are well-known.