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April 12, 2025
Question

TurboTax not accounting for HSA catch-up for Excess HSA contributions 2024

  • April 12, 2025
  • 1 reply
  • 0 views

Using TurboTax Web and I think it's reporting incorrect excess amount.

 

In 2024

* I had a Family HDHP

* I am 55+ years of age

* I personally contributed $8,300 to my HSA

* My employer contributed $1,500 to my HSA (shows on my W-2 box 12 coded W)

 

For total contribution of $9,800.

 

Max contribution is $8,300 (family) + $1,000 (catch-up) = $9,300. 

 

Excess is $9,800-$9,300 = $500.  But TurboTax is saying excess is $1,500.

1 reply

April 12, 2025

nevermind, I turned 55 in 2025.  So I don't qualify for catch-up.   Shame on me for doubting TurboTax. 😉