We contributed $9300 for a HSA (family) with HDHP. One of the spouse is more than 55 yrs. Turbotax says we overcontributed and needs to withdraw. How can this be fixed?

Forum|Forum|1 year ago
February 2, 2025
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Best answer by NCPERSON1

@m_l_kumar not a bug.

Since you wife is under 55 years old, her maximum contribution is $8300 under a family HSA. Under a separately owned HSA, since you are over 55 years old, you are eligible to contribute $1,000. If she contributed $9300, that is $1000 over the maximum and what TT is reporting.

If we flip it around, since you are over 55 years old, you are permitted to contribute $9300. She is not permitted to contribute anything to a separate Single HSA.

Under the rules for this situation, her maximum contribution is $8300 but your maximum contribution is $9300.

not a bug. it's the way the rules work.

KeshaH

Let's take a look at your return so we can see exactly what you see and help come to a resolution. The return will be scrubbed and will not include any of your personal details.

Once you're logged into your account,

- on the left hand panel, click on Tax Tools and then choose Tools

- on the pop up window, select Share my file with Agent

- you'll see a message explaining that you will be providing a diagnostic copy of your return - your personal details will be changed so we will not be able to see any private information

- click okay and you'll get another message with a token

Reply to this message with your token and we'll take a look to see what we can find.

m_l_kumarAuthor

Token: 1289645

My wife is 51 yrs I am 56 yrs. I am covered under by wife's HDHP.

My wife also owns the HSA account. We contributed $9300 to the HSA.

https://apps.irs.gov/app/vita/content/00/00_10_005.jsp

Turbotax is giving us an error that we have overcontributed and have to

withdraw $1000 from the HSA account or pay penalty.

This is a bug.

If I change in the Turbotax that I own the HSA account that warning and the penalty

disappears.

It would be incorrect filing to show that the HSA account belongs to me instead of my wife.

This is a bug in Turbotax system that needs to be fixed.

Thank you

NCPERSON1Answer

@m_l_kumar not a bug.

If we flip it around, since you are over 55 years old, you are permitted to contribute $9300. She is not permitted to contribute anything to a separate Single HSA.

Under the rules for this situation, her maximum contribution is $8300 but your maximum contribution is $9300.

not a bug. it's the way the rules work.