HSA maximum for family is $ 7200 for 2021 yet TurboTax shows it as $ 7100. Which amount is correct?

posted

For 2021 $7,200 is correct, but it hasn't been updated in TurboTax yet. The early releases of tax software for the new year are very preliminary and have a lot of rough edges. A lot of things aren't included yet, and a lot of things haven't been updated yet from the previous year. Things like inflation adjustments will be taken care of in updates over the next couple of months. The IRS has not even announced a date when filing 2021 tax returns will start, but it will be sometime in late January.