How Do I Determine in TurboTax If I Over Contributed to HSA?

When using TurboTax to file taxes, you may wonder how to determine if you over-contributed to your Health Savings Account (HSA). To figure this out, follow these steps:

1. Access TurboTax website or software and log into your account.
2. Go to the section where you entered information about your HSA contributions.
3. Check the total amount you contributed to your HSA for the tax year.
4. Compare the maximum allowable contribution limit for your HSA type and tax filing status.
5. If your total contributions exceed the IRS limits, you have over-contributed to your HSA.
6. Follow TurboTax's guidance on how to correct the excess contribution to avoid penalties.

When filing your taxes with TurboTax, it’s crucial to keep track of your Health Savings Account (HSA) contributions. To determine if you have over-contributed, start by logging into your TurboTax account and navigate to the HSA contributions section. There, you can easily check the total contributions made for the tax year.