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Level 2
posted Nov 18, 2020 7:53:33 AM

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.

0 2 502
2 Replies
Not applicable
Nov 18, 2020 10:47:03 AM

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. 

Level 2
Nov 18, 2020 1:47:00 PM

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