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sploosh
Returning Member

Incorrect HSA contribution limit in TT 2020

I need to estimate my 2020 taxable income before the end of the year, so I just bought TurboTax 2020 and started entering the info I have so far.  I am over 55 years old, and I contributed $4550 to my HSA, which all sources say is correct. But TurboTax 2020 is saying I'm $50 over the contribution limit.

2 Replies
Anonymous
Not applicable

Incorrect HSA contribution limit in TT 2020

2020 TurboTax is really 2019 TurboTax with maybe a few updates. it will likely not be fully functional until late January 2021 or maybe even February because of the pandemic. 

sploosh
Returning Member

Incorrect HSA contribution limit in TT 2020

OK, thanks.  I can enter a $4500 contribution in the meantime, the difference won't significantly affect the estimate that I'll need.

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