Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

HSA contribution - other tax

cytaxpro
Level 1

one of a client has w2 entry code W with $7500 and over 60 year old, form 5329 line 47 shows 2023 excess contribution 6250 taxed 6% $375.  Please help why excess contribution and taxed.  

0 Cheers
1 Best Answer

Accepted Solutions
qbteachmt
Level 15

Is the W2 amount only entered from the W2, and not as HSA, separately? Do you have a plan marked (family, single) for the type of HDHP coverage this person has at work?

*******************************
"Level Up" is a gaming function, not a real life function.

View solution in original post

0 Cheers
3 Comments 3
qbteachmt
Level 15

Is the W2 amount only entered from the W2, and not as HSA, separately? Do you have a plan marked (family, single) for the type of HDHP coverage this person has at work?

*******************************
"Level Up" is a gaming function, not a real life function.
0 Cheers
Just-Lisa-Now-
Level 15
Level 15

You need to check the Self or Family box in the Smart Worksheet at the top of the 8889.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
cytaxpro
Level 1

Thanks for advise.