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December 18, 2023
Question

My available deduction for my fhsa for 2023 says it's $0 which doesn't make sense since I opened my fhsa account in 2023 and contributed $8000 in 2023.

  • December 18, 2023
  • 1 reply
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    1 reply

    TurboTaxSusan
    December 18, 2023

    Are you using TurboTax Online or TurboTax CD/Download?

    December 18, 2023

    online

    TurboTaxSusan
    December 18, 2023

    You need to enter your contributions before your deduction limit can be calculated. You’ll get a T4FHSA - First Home Savings Account Statement early next year which will have your total contributions, and once you enter the slip, TurboTax will adjust your deduction limit.