Question
HSA Excess Employer Contribution Error - Please help.
My wife and I were enrolled in a HDHP Family Plan all year. I contributed the full amount of $7,750 to my HSA by payroll reduction. This shows on Box 12b of my W-2, Code W. For some reason, TurboTax is showing this is an Excess Employer contribution and must be withdrawn or will be subject to a 6% penalty. This is incorrect, since we were both eligible to contribute this amount. All of the questions are correctly answered but the system STIL says it is an Excess Employer Contribution and must be withdrawn. Any suggestions??
