Question

Does anyone else see their HSA employer contributions rounded up? The true value is 22 cents less than what TurboTax is showing.

Forum|Forum|3 years ago
March 18, 2023
2 replies
0 views

TurboTax ingested my W2 automatically, but it's showing the rounded value of the HSA and I'm unsure if this will present an issue.

TurboTax Deluxe Online

M

MAK70

The IRS allow you to round, although they do round up or down, some of the imports automatically round up. The IRS computers have a "cushion" to account for rounding, even if it can be in more than just a dollar depending on how many entries are rounded (it's still pretty close).

M

Mike9241

general rule accepted by IRS for rounding 50 cents or more round up, 49 cents or less round down - to whole dollars.