HSA Maximum Contribution 2019

Forum|Forum|6 years ago
November 16, 2019
7 replies
27 views

I just started using TurboTax Premier 2019 for Windows. I believe the maximum HSA contribution is incorrect within TurboTax and using 2018's maximum. I have a HDHP Family plan and the maximum contribution is $7,000.00 for 2019. Being over 55, the additional catch-up is $1,000.00, for a total of $8,000.00. I entered that value into TurboTax Premier 2019 and it's telling me I have an excess contribution of $100. Do I have wrong information?

TurboTax Premier Windows

Anonymous

what you got was basically the 2018 version of the software with some items updated for 2018. the irs and states have not released forms and many updated rules for 2019. there will be multiple updates between now and the date the filing season opens in January. you'll have to be patient. filing early before the forms and program updates are installed caused many taxpayers grief last year in delayed refunds, bills instead of refunds, IRS and state correspondence. if you live in a state with personal income taxes you'll have to wait til they have updated its forms.

vwli

Level 2

I ran into the same problem. HopefullyTurboTax team will update the software and reflect the corrected 2019 HSA contribution limit soon.

Critter

Level 15

Patience is needed as the program is cobbled together ... the beta version put out early is NEVER complete and will need many many updates until it is fully operational in late January or Early February. The only reason the incomplete program is put out is because the public asks for it and is willing to pay for it and the DIY program companies are all just as happy to capture market share ... greed and impatience are to blame for this situation.

DoubleDeac

Level 2

I have applied all the updates to the product and the HSA contribution limit is still incorrect. Is there a process that would need to be followed to force a recalculation when the fix is applied?