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May 3, 2020
Question

hsa deduction for a divorced individual with a family plan (covering children but not ex-spouse). Turbo tax won't let me take the 8000 decuction tha I'm entitled to and won't let me file on line because of the error.

  • May 3, 2020
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    1 reply

    VictoriaD75
    May 5, 2020

    In 2019, the contribution limits are $3,500 and $7,000 respectively for self-only and family plans, with catch-up contributions of $1,000 for taxpayers age 55 or older. You must participate in an HDHP (high deductible health plan) to qualify for contributions to an HSA.

     

     Pub 969 Tax-Favored Health Plans

     

    The most common error I see when entering HSA contributions are double reporting. Typically, these payroll contributions are reported on your W-2 in box 12 with code W. If that is the case, no other contribution needs to be reported in the software.

     

    Under the Deductions & Credits menu, confirm the following:

    • Expand the menu for Medical
    • Click Start/Revisit next to HSA, MSA Contributions
    • Confirm the account ownership and click Continue
    • Continue in through the screens until you reach Let's enter your HSA contributions
    • Stop here. If all of your contributions were through payroll deductions and reported on your W2, do not enter anything on this screen. If that is the case, either leave the box empty or type $0 in the box next to Any contributions you personally made

    If you continue to have trouble, try deleting the form and re-enter if necessary as per the instructions above:

    1. Under Tax Tools, choose Tools
    2. Choose Delete a Form
    3. Scroll through your return until you find Form 8889, click Delete to the right of the form
    4. Confirm that you wish to delete the form
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