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Im currently in the ded&cred part and it is telling me that there is an excess contrib for my HSA when I only had 675 on the year when the maximum in 7000. Is this right?

 
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2 Replies
KarenM90
Intuit Alumni

Im currently in the ded&cred part and it is telling me that there is an excess contrib for my HSA when I only had 675 on the year when the maximum in 7000. Is this right?

A common error that usually results in excess contributions is if you, on the Let's enter your HSA contributions screen, accidentally duplicated the amounts already reported in the first line, contributions from Box 12 of your W-2.

 

Please go back through the HSA section under Deductions and Credits and review the on-screen questions.

 

Here is a link that includes more details regarding 1099s:  HSA Excess Contribution.

 

 

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Im currently in the ded&cred part and it is telling me that there is an excess contrib for my HSA when I only had 675 on the year when the maximum in 7000. Is this right?

The HSA is handled in 3 parts in the TT program :

 

First the contribution:

https://ttlc.intuit.com/replies/4557768

https://ttlc.intuit.com/replies/4785646

 

Next the limitations screen to confirm you are eligible to make the contributions:

Until you complete the HSA portion of the TurboTax interview to establish your eligibility for an HSA contribution, TurboTax will treat the amount entered on the W-2 form as an excess HSA contribution.

https://ttlc.intuit.com/replies/4788059

 

And lastly any distribution:

https://ttlc.intuit.com/replies/4787864

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