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Level 1
posted Jan 17, 2022 10:47:29 PM

After adding my W2, it mentioned that I need to pay HSA excess contribution for 2021 tax

After adding my W2, it mentioned that I need to pay HSA excess contribution for 2021 tax.

"The penalty comes from your $216 penalty for making excess contributions to a Health Savings Account."

 

But in my W2, the total HSA contribution is only $3,600 which is still within the 2021 max limit.

Is there any bug in Turbo tax?

0 1 215
1 Replies
Level 15
Jan 17, 2022 11:50:22 PM

have you gotten to the interview forms for form 8889 which is for the HSA a/c where you'll need to enter certain info like type of coverage, amount distributed if any? do not reenter your HSA contribution. the W-2 amount transfers automatically to line 9 of the form. if you do Turbotax will think you contributed $7,200.  

 

until completed TT thinks you've contributed an excess amount.