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Why does my hsa contributions decrease my tax refund? I initially put in my income and tax without my hsa contributions. then put in my contributions which was 5900.00 by me and 1000.00 by my employer
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Until you complete the HSA section to establish your eligibility to make the HSA contribution, TurboTax treats the contribution as an excess contribution and assesses a 6% excess-contribution penalty.
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