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Solved

Excess HSA Contribution

Forum|Forum|7 years ago
June 1, 2019
1 reply
15 views

I (and my employer) contributed 1950 to my HSA in 2016 while I was covered under a qualified HDHP. I was covered by this plan for 8 months of the year (which TurboTax has not asked me anywhere). At one point, TurboTax told me I was paying a penalty for an excess contribution to the HSA, which my calculations indicate is incorrect, but I cannot find any subsequent reference as to whether or not this penalty is being applied in TurboTax, nor anywhere to indicate how many months I was covered under the HDHP for.

TurboTax Premier Online

Best answer by PaulaM

To navigate back to the HDHP section to indicate the months you were covered by the HDHP and calculate the maximum HSA contribution limit:

In your open return, select My Account
Select Tools
Select Topic Search
Type 'HDHP' in the box, then select GO

You should land on the HSA Summary page, select edit. Continue until reaching the page, Were you enrolled in a High Deductible Health Plan (HDHP) in 2016? Select no, then continue to next page to enter the months covered and calculate the Max Contribution Limit.

See attachments.

Alumni - Expert

Answer

Alumni - Expert

To navigate back to the HDHP section to indicate the months you were covered by the HDHP and calculate the maximum HSA contribution limit:

In your open return, select My Account
Select Tools
Select Topic Search
Type 'HDHP' in the box, then select GO

You should land on the HSA Summary page, select edit. Continue until reaching the page, Were you enrolled in a High Deductible Health Plan (HDHP) in 2016? Select no, then continue to next page to enter the months covered and calculate the Max Contribution Limit.

See attachments.

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