Question

Why am I being told excess contribution of $6250.00 being taxes an extra 6 % when we are a family of 5 and the amount I contributed is less than the family amount

Forum|Forum|2 years ago
January 31, 2024
2 replies
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TurboTax Deluxe Online

VolvoGirl

Employee

A Contribution to what?

P

pharmlady73Author

HSA account

B

BillM223

OK. Did you go through the HSA interview and tell TurboTax about your HDHP coverage? You have to do that or else the contribution to the HSA will be disallowed and called "excess contributions".

Did you go through the HSA interview?

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B

BillM223

Is this an excess contribution to an HSA or an IRA or what? Remember that we in the Community cannot see your private tax data.

If it is for an HSA, then make sure that you go through the entire HSA interview so that you show TurboTax that you had the required High Deductible Health Plan (HDHP) coverage.

If if this is for something else, then come back and tell us what.

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