Bug in TurboTax 2024 HSA Contribution Limit is wrong

[mgoslak]

I'm in TurboTax desktop Home & Business 2024 and its using the 2023 contribution limit for HSA contribution for family.  Its using $7750.  It should be $8300.

can you report/fix this bug please?

Mike [removed]

[DoninGA]

This will be corrected with one of the software updates before the end of the year.  TurboTax normally updates their software on Thursdays.

[VolvoGirl]

You have to wait a little while.  The program just came out because people want to start early.  It is a very early version and won’t be fully ready until mid January.   The IRS hasn’t even approved all the forms yet for Turbo Tax to use.  There will be many updates.  They usually update on Thursdays.   If your program doesn’t automatically update you can try updating by going up to menu item Online - Check for Updates.

[mgoslak]

This is low hanging fruit - easy stuff for Intuit to change.  This does not involve waiting on the Federal Govt.   Just updating the new 2024 limits.   I understand waiting on forms that have not been released by the federal govt. but this is totally different.  These limits have been posted for quite some time and would be a simple to update in the software.   Disappointing.   It looks like Intuit didn't do anything.  I could just open up TurboTax 2023 and run my prelim taxes.  Hmmm.... now that I think of it maybe that's the approach I need to take since the depreciation isn't even available.  I'm quite limited.

[HVILsleepdoc]

This has not been fixed in the online versions either. Couldn't figure out why I was being taxed for our tIRA contributions prior to backdoor Roths. Played around with numbers, saw they were still using the old $7,500 (over 50) limit. Just posted myself, hoping someone from Intuit takes a notice.

[BillM223]

HVILsleepdoc

Are you referring only to an IRA issue? This thread was about HSAs.

It is generally a good idea to start a new thread, especially when you are changing the subject.

If, indeed, you are referring to an HSA issue, come back and clarify what you are talking about.

@HVILsleepdoc 

[Harish161019]

It is March 4th 2025 and I'm in TurboTax desktop Home & Business 2024 still HSA contribution for family is not updated to $8300.               

can you report/fix this bug please?

[AnnetteB6]

Be sure that your program is up to date by going to Online > Check for Updates at the top of the screen.  

Checking a test case using TurboTax desktop Home and Business version showed that $8300 could be contributed to a Health Savings Account (HSA) if covered by a Family HDHP all year.  

If you are still having a problem with the HSA limit, consider sharing a diagnostic copy of your tax data file for someone to take a closer look.  The diagnostic file will not contain personally identifiable information, only numbers related to your tax forms.  

If you would like to provide us with the diagnostic file, follow the instructions below and post the token number along with which version of TurboTax you are using and what states you are filing in a follow-up thread.  

If you are using a CD/downloaded version of TurboTax, use these steps:

• Select Online at the top of the screen.
• Select Send Tax File to Agent.
• Click OK.
• Post the token number here.

@Harish161019 

[Harish161019]

@AnnetteB6, I have sent diagnostic copy of the file.

Token: 13563577515182829-47469763

Version: 024.000.0317

State: Michigan

[BillM223]

Harish161019

I am quite puzzled. Are you using TurboTax Home and Business on the Mac platform? It's been the correct amount on the Windows platform since January.

@Harish161019 

[BillM223]

Harish161019

I just checked - the version you are using is the same as mine (024.000.0317), meaning that your software is up to date.

Furthermore, when I open your sanitized tax return, the HSA contribution limit is $8,300, like it is supposed to be.

So let's start over. Where do you see that the annual HSA contribution limit for Family HDHP coverage is not $8,300? Perhaps we are talking about two different things.

@Harish161019 

[Harish161019]

Hello Bill,

I have contributed 4500 to HSA and my has contributed 3500 to HSA. Total $8000. It is below the limit of $8300.

But after going through HSA review for both software says we contributed $450 excess. I am not sure why ?

[Harish161019]

@BillM223 , I am using Windows platform.

[BillM223]

Ah, so you don't see a lower HSA contribution limit. Look at form 8889 on line 3. Does it say $8,300?

What is in line 2 on the 8889? Is it a number like $450? This is the amount of carryover of excess contributions from a previous year. Or if the $4,500 was contributed directly to your HSA (not through your employer), then maybe the number is $4,950 ($4,500 plus $450).

So although you think that you did not contribute it, it was carried over from a previous year and treated as a personal contribution (i.e., line 2).

Is this is not it, come back and we'll talk about it some more. But be assured that your software is up to date.

[Harish161019]

@BillM223 , Thanks. Got it. It is due to carry over excess amount from previous year.