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February 9, 2025
Question

TurboTax Deluxe 2024 - why does it asks about HSA contributions for 2023 ? Seems like the software needs an update. Any ideas

  • February 9, 2025
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    1 reply

    Employee
    February 9, 2025

    Depends on where it's asking.  TurboTax needs to determine if you made any HSA contributions for 2023 under the last-month rule or made an HSA funding distribution from a traditional IRA in 2023 which would be subject to an extra tax if you failed to remain HSA eligible throughout 2024.