HSA excess contribution for 2020

Forum|Forum|5 years ago
May 2, 2021
1 reply
10 views

I have a client that had HSA contributions of $7,100 which is fine. She is married and her husband does not have an HSA. However on her 5229, line 48 it shows an excess contribution of $6,100. I just can't find where that came from. Even though she had only $345 in distributions and an account value over $15K, that indication of excessive contribution is causing and additional $300 in tax. .I want to get that out but can't find the source. Anyone have any idea?

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TaxGuyBill

Level 15

Look at Form 8889. Does it show a TOTAL of $7100 of contributions, or does it show more than that?

Does the 8889 have the "family" boxes checked?

Were the HSA contributions made through the employer (Code "W" in Box 12 of the W-2), or were they made outside of the employer? Make sure you don't indicate she made non-employer contributions if they were all made through her employer.

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waynehatchAuthor

Level 3

Thanks for the suggestions and I checked that all out. The only difference is there is an extra $1,000 allowed because her husband is over 55 which the software entered automatically.

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TaxGuyBill

Level 15

If the husband does not have a HSA, there shouldn't be $1000 allowed for him. Do you have the HSA (or W-2) assigned to the correct spouse (and are you looking at the correct 8889 (taxpayer/spouse)?

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