Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 7, 2019 3:34:05 PM

I have been filing with you for several years. :) I just found out that my HSA contribution was only $20.02. Is it okay to not bother with this at all?

0 1 353
1 Best answer
Level 15
Jun 7, 2019 3:34:05 PM

You will get a letter from the IRS.  They will assume your contribution was not qualified and will assess tax and a late fee for not paying it before.  Then you would either have to pay or file an amended return to prove the contribution was qualified.  The letter is pretty much automatic so I doubt there is a human who will look at it and decide not to bother.

1 Replies
Level 15
Jun 7, 2019 3:34:05 PM

You will get a letter from the IRS.  They will assume your contribution was not qualified and will assess tax and a late fee for not paying it before.  Then you would either have to pay or file an amended return to prove the contribution was qualified.  The letter is pretty much automatic so I doubt there is a human who will look at it and decide not to bother.