HSA Excess Contribution

Forum|Forum|1 year ago
February 18, 2025
1 reply
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I recently updated my W-2 income in the TurboTax application. One of my W-2 forms included information about my HSA contributions, for which I contributed $4,150 based on the individual contribution limit for last year (2024). This amount was shown as W 4150 on my W-2.

I did not go to the deductions section, but I was surprised to see that the TurboTax UI indicated that I owe some amount to the IRS. When I clicked on the details, it mentioned that this was due to excess contributions to my HSA.

My employer, USAA, does not contribute to my HSA, and I only contributed the maximum allowed amount. Could this be a bug in TurboTax, or is there something I might have missed?

Ask the Experts - USAA - Feb 2025

MarilynG

Level 15

Your HSA Contribution is tied to your HDHP, so in the HSA section under Deductions & Credits, be sure to indicate what type of plan you had. TurboTax automatically fills in the amount of your HSA Contributions from your W-2 entry, so you just need to finish the HDHP portion and finish the section. Otherwise, TurboTax thinks you had an Excess HSA Contribution, as you've encountered.

The amount you contributed is correct for a Self-Only HDHP Plan.

Here's more info on Excess HSA Contribution.

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