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Buffy05
New Member

Why is my hsa taxed

I'm 65 and I don't have Medicare.  Turbo tax is saying my HSA contribution is taxable
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3 Replies
AnnetteB6
Expert Alumni

Why is my hsa taxed

If you have not yet gone through the Health Savings Account (HSA) section under Deductions and Credits, then your contribution will be shown as taxable on your return.  After you have entered the information to verify that you were qualified to make the contribution to the HSA, then it will be removed from the taxable income.

 

Go to Deductions and Credits > Medical > 1099-SA, HSA, MSA and click Start or Update to get started.

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Buffy05
New Member

Why is my hsa taxed

Thank you.  I had gone through all of that and it still says it's excess contribution.

BillM223
Expert Alumni

Why is my hsa taxed

@Buffy05 

 

As Annette said, you need to go through the HSA interview in order to show that you had HDHP coverage in 2023, otherwise, the contributions will be considered in excess.

 

What HDHP coverage did you have and for which months? Also, how much did you contribute in 2023?

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