Why am I showing an excess HSA contribution?

For 2024, the maximum combined total that you, your employer, and/or any other eligible person can contribute to your HSA account is:

• $4,150 if you're under 55 at the end of 2024 and are covered by an individual (self-only) HDHP;
• $8,300 if you're under 55 at the end of 2024 and are covered by a family HDHP;
• $5,150 if you're 55 or older at the end of 2024 and are covered by an individual (self-only) HDHP;
• $9,300 if you're 55 or older at the end of 2024 and are covered by a family HDHP.

If you contributed too much or weren't eligible to contribute to your HSA in 2024, you'll need to withdraw the excess amount by April 15, 2025 to avoid a penalty (October 15 if you filed an extension).

Some things to keep in mind:

• The above limits are prorated depending on the number of months you were covered by an HDHP and had no other health coverage.
• If you were only covered by an HDHP for part of the year, your contribution limit may be lower than above limits.
• If you're covered by an HDHP on the first day of the month, you're considered covered for the entire month.
• If you had HDHP coverage on December 1 (the last month of the year), then you can use the full annual HSA contribution limit for your HDHP coverage, regardless of the number of months you had coverage.
• Spouses on separate plans: The $8,300 family limit applies to married couples even if one spouse is covered by a family plan and the other spouse has their own individual plan. In this scenario, the couple may split their contributions in any way they like, as long as the couple's total contribution doesn't exceed $8,300. Spouses 55 or older at the end of 2024 are allowed to contribute an additional $1,000 to their own HSA.

We recommend checking the HSA entry screens to make sure the excess contribution wasn't due to an entry error. Here's how:

1. Open or continue your return.
2. Navigate to the HSA section:
   • TurboTax Online/Mobile: Go to HSA.
   • TurboTax Desktop: Search for hsa and select the Jump to link.
3. Answer the questions until you get to the Let's enter your HSA contributions screen.
4. Make sure you didn't accidentally re-enter the amount already listed (from box 12 of your W-2) as this will incorrectly double your total contribution amount.
5. Continue through the HSA screens, making sure you answered all questions correctly.
   • If you overfunded your HSA last year but withdrew the excess by the due date of your 2023 return, answer No to Did you overfund your HSA in 2023?