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May 12, 2021
Question

What were the 2020 HSA contribution limits? Turbo tax is saying I over contributed but the numbers are not correct.

  • May 12, 2021
  • 1 reply
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I'm on a family plan with my children which has a limit of $7200. Between my husband and i we contributed 8,041. This is only $841 over but turbo tax is saying its $3,935

1 reply

May 12, 2021

1. Whose HSA is it? Yours or your spouse's?

 

2. Is the owner of the HSA 55+?

 

3. Does the other spouse have an HSA, and were there any contributions to it?

 

4. Did you carry over any excess contributions from 2019?

 

5. How were your $8,041 in contributions made? through your employer (so, in box 12 with a code of W on your W-2) or directly to the HSA custodian? If both, how much each way?

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May 12, 2021

isn't the max for under 55 in 2020 $7100