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Box 12w on my W2 shows $5500. When i go through the steps in turbo tax, i have not entered in any additional values for HSA anywhere. Why is it saying i overinvested?

according to the IRS, $7100 is the limit for a family and my HSA investment, through my employer, has not exceeded this amount for my family of 4.  Not sure why the turbotax tool is triggering this over investment.
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1 Reply
MarilynG1
Expert Alumni

Box 12w on my W2 shows $5500. When i go through the steps in turbo tax, i have not entered in any additional values for HSA anywhere. Why is it saying i overinvested?

It sounds like you did not overcontribute to your HSA with a $5500 contribution for a Family plan. 

 

Go back through the HSA/HDHP interview and check your entries, going completely through that section.

 

Click this link for more info on Excess HSA Contributions.

 

 

 

 

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