Skip to main content
March 26, 2025
Question

Turbo Tax says my FHSA contribution limit is $0 for 2024 but I received a tax slip from my Bank for 2024 with the amount I contributed on it. Please help.

  • March 26, 2025
  • 1 reply
  • 0 views
No text available

    1 reply

    TurboTaxAniqua
    March 26, 2025

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

     Change contributions first by clicking on the box of the T4FHSA slip in the beginning when it asks, Which of the following do you have? 

     

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

     

    Thank you for choosing TurboTax.