HSA Contribution - 2020

Forum|Forum|5 years ago
December 2, 2020
1 reply
8 views

I am 60 years old and had a Family High Deductible Health Plan in place all year - I contributed $8,100 ($7,100 + $1,000 since I am over 55 years old) to my HSA Account - Turbo Tax says that I have over funded the HSA by $100 which I believe is incorrect.

Best answer by DoninGA

The TurboTax software for tax year 2020 has not yet been updated for the HSA amount of $7,100. It is still using the amount from 2019 which was $7,000.

There will be many updates to the software in the next few weeks so make sure that you get the updates as they are released.

DoninGA

Answer

Level 15

The TurboTax software for tax year 2020 has not yet been updated for the HSA amount of $7,100. It is still using the amount from 2019 which was $7,000.

There will be many updates to the software in the next few weeks so make sure that you get the updates as they are released.