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Does anyone else see their HSA employer contributions rounded up? The true value is 22 cents less than what TurboTax is showing.

TurboTax ingested my W2 automatically, but it's showing the rounded value of the HSA and I'm unsure if this will present an issue.
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2 Replies
MaryK4
Expert Alumni

Does anyone else see their HSA employer contributions rounded up? The true value is 22 cents less than what TurboTax is showing.

The IRS allow you to round, although they do round up or down, some of the imports automatically round up.  The IRS computers have a "cushion" to account for rounding, even if it can be in more than just a dollar depending on how many entries are rounded (it's still pretty close).

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Does anyone else see their HSA employer contributions rounded up? The true value is 22 cents less than what TurboTax is showing.

general rule accepted by IRS for rounding 50 cents or more round up, 49 cents or less round down  - to whole dollars.

 

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