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December 27, 2023
Question

My available deduction for my fhsa for 2023 says it's $0. I opened my fhsa account in 2023 and contributed $8000 in 2023. I am using the online turbotax.

  • December 27, 2023
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    1 reply

    TurboTaxSusan
    December 27, 2023

    You need to enter your contributions before your deduction limit can be calculated. To do so you’ll need to enter the information from your T4FHSA - First Home Savings Account Statement. Once you enter the slip, TurboTax will adjust your deduction limit.