I am assuming that you mean, "how do I get back to the screen where I indicated how much excess to withdraw?" see the
first comment.
But if you want to know why you had an excess contribution, see the
second comment.
First CommentOnce you enter that you will withdraw all the excess contribution, the TurboTax interview figures that you are finished with the process and won't show it again - even if you want to see it.
This is one method that I know of to force that question to reappear.
Go through the HSA interview. When you get to the screen entitled "Let's enter your HSA contributions" (see screenshot below) and look at the second line: "Any contributions you personally made (not through your employer)"). Enter a number here like 1,000 (be sure to remember this amount).
This should force another round of "you have excess contributions", which should open the question that will allow you to change the withdrawal amount.
Note that the suggested withdrawal amounts will have changed since you added another $1,000 in excess contributions. That's OK; you are just trying to reopen that dialogue.
Once you have changed the withdrawal amount to what you wanted in the first place, now go back to the screen entitled "Let's enter your HSA contributions" and remove that $1,000 personal contribution that you added. Step through the HSA interview to make sure that everything is the way you want it.
Second Comment
One of the purposes of the HSA interview is to determine your annual HSA contribution limit.
As you probably know, the maximum limits in 2016 are:
-
$3,350 - individual with self-coverage
-
$6,750 - individual with family coverage
- If the HSA owner is 55 or older, then you add $1,000 to these amounts.
However, these limits assume that you were in an HSA all year. If you left the HSA during the year or started Medicare or had one of a number of change events, then the limit is reduced.
There are several major culprits for excess contributions (other than just actually contributing more than the limit).
First, if you did not complete the HSA interview - that is, go all the way until you are returned to the "Your Tax Breaks" page - the limit still might be set to zero, causes a misleading excess contribution message.
There are questions all the way to the end of the interview that affect the annual contribution limit.
Second, it is not unusual for taxpayers to accidentally duplicate their contributions by mistakenly entering what they perceive to be "their" contributions into the second line on the "Let's enter [name] HSA contributions" screen (see screenshot below).
Normally, any employee who made contributions to his/her HSA through a payroll deduction plan has the contributions included in the amount with code "W" in box 12 on the W-2. This is on the first line on this screen (above).
Third, if you weren't in the HSA all 12 months, then the annual contribution limit is reduced on a per month ratio.
Options #2 is the most common cause of erroneous excess contributions.
Adding in "your contributions" again just duplicates your contribution, and often pushes you over the limit.
