hsa

Forum|Forum|3 years ago
March 3, 2023
2 replies
28 views

When I entered the HSA on the return on the w-2 it shows W and the amount but on

the 8889 when it asked their contribution it is calculating a tax. the client is over

55 and contributed the catchup amount what am I entering wrong

Thank You

ProSeries Professional

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

You dont enter the amount on the 8889 again, take any numbers off that 8889 that you entered, all you need to do is mark the Self or Family boxes on the Smart Worksheet below Line 1.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

4

470pittAuthor

Level 4

I did that and it still is showing a penalty

sjrcpa

Level 15

Look at the 8889 and see what is incorrect. Then go back and fix the data entry.

The more I know the more I don’t know.

rbynaker

Level 13

Lisa probably nailed it, but if not, make sure you go through the error check process. There are boxes to check to tell the software how many months the taxpayer/spouse are HSA eligible, that may also be throwing you off. If the only contributions are through payroll you only enter the code W on the W-2 Wks. If there were additional contributions, only those "outside" contributions get entered on the 8889.

If they didn't contribute the full amount, this is when I explain how it works and suggest they might still want to make a prior-year "outside" contribution that we can deduct on the return.

Rick

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