HSA Excess contribution error

Forum|Forum|1 year ago
January 29, 2025
2 replies
19 views

My husband has an HSA, I have an HSA we both have family HDHP. We have a total contribution of 8290. The allowed amount for 2024 was 8300 for family plan. This is the same info for 2023 but the amounts follow the allowed for 2023.

I have entered my W2 contributions and my 1099-HSA distributions. I used all distributions for medical expenses. Under my husband it asked "excess HSA contributions carrover from 2023 still in HSA account" ( we had no excess in 2023 so I put $0) I did the same with the questions it asked on me. I put we were both covered by a HDHP, family plan etc.

It states "who made excess HSA Contributions?" then says we 7716 more to our HSA then was allowed. We have not contributed more thn allowed. Is there an error with Turbo Tax??

TurboTax Home & Biz Windows

MayaD

Alumni - Intuit

Make sure you didn't accidentally re-enter the amount already listed (from box 12 of your W-2) as this will incorrectly double your total contribution amount.

Other things to keep in mind:

The limit ($8,300 if you're under 55 at the end of 2024 and are covered by a family HDHP) is prorated depending on the number of months you were covered by an HDHP and had no additional health coverage.
If you were only covered by an HDHP for part of the year, your contribution limit may be lower than above limit.

Why am I showing an excess HSA contribution?

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katerz14Author

Level 2

I entered the "contribution" from my W2 I then entered the distribution from the 1099-SA. We are both under 55 and were covered the entire year under an HDHP
It still says I am over

BillM223

Level 15

First, the 1099-SA has nothing to do with excess contributions, so ignore that.

You said, "I entered the "contribution" from my W2"

Are you saying that you entered the code W amount not only with the W-2 but also in the HSA interview?

The difference is $584, which is an odd number. You said that you made contributions of $8,290 and TurboTax reported an excess of $7,716.

OK, what contributions did you report and importantly, WHERE did you enter them?

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Shiftslayer

Level 2

I'm in the exact same situation, High deductible all year, $2500 contributed, the 4th year I've done it, for some reason the software has an error which is saying I have a $0 contribution limit. It appears that this has happened in past years based on a search as well. I'm using a download version of the software, just updated. This appears to be a TurboTax issue, not an error on our end, I've very carefully walked through the process 3 times.

BillM223

Level 15

Shiftslayer, I will ask you the same question: can you tell me what is in your HSA Summary at the end of the HSA interview? See the sample HSA Summary above.

And what does "$2500 limit" refer to?

@Shiftslayer

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Shiftslayer

Level 2

By $2500 dollar limit, I mean I limit myself to $2500, that's all that goes in yearly as it's pre-set up by my employer to be taken out of my pay. I know I have a higher limit. There are no prior excess contributions, no rollovers, etc. nothing has changed year over year other than the reply by the software that my max contribution is $0, which I know to be incorrect. In fact, my limit should have increased as I had a child in 2024 and switched to a high deductible family plan.