HSA Contribution - 2020

[frankroemisch]

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.

[DoninGA · Accepted solution]

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.