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Eddie81
Returning Member

HSA caps with Catch up not reflected in Turbotax

My wife and I are both over 55, have individual HSA accounts and were covered by a high deductible plan for the full year 2023.  My employer deposited $1,000 to my HSA in 2023 and I added another $7,700 during the year.  My wife added $1,000 to her HSA in 2023.  That adds to $9,700 in total, which should fit under the family cap of $7,750 plus $1,000 catch up for each spouse (total cap of $9,750).  Turbo tax is only showing $8,700 as my total HSA contribution. 

 

The Turbo tax HSA summary screen shows $8,700 in my column and $1,000 in the column for my wife (all good, total of $9,700). But the overall Deduction Summary of Turbo tax only shows $8,700.  Where did the other $1,000 go?

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2 Replies
dmertz
Level 15

HSA caps with Catch up not reflected in Turbotax

Your employer already excluded from your taxable wages in box 1 of your W-2 the $1,000 that they deposited and reported with code W in box 12 of your W-2.  You only get a deduction for the amounts you personally deposited.

Eddie81
Returning Member

HSA caps with Catch up not reflected in Turbotax

That's it!  Thank you for the reply.

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