Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 

FHSA deduction limit is showing $0 when it should be $8000. Is this going to be fixed?

 
7 Replies

FHSA deduction limit is showing $0 when it should be $8000. Is this going to be fixed?

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.

FHSA deduction limit is showing $0 when it should be $8000. Is this going to be fixed?

Where do I add my contributions? I can only see an area to add RRSP contributions. Does it go under that section?

FHSA deduction limit is showing $0 when it should be $8000. Is this going to be fixed?

As I mentioned before, FHSA contributions go on the T4FHSA. To get to the T4FHSA in TurboTax Online, use the “Find” tool (magnifying glass) to search for “T4F”. Select “T4FHSA - First Home Saving Account” from the list and then click the “Go” button.

jake_depo
New Member

FHSA deduction limit is showing $0 when it should be $8000. Is this going to be fixed?

This doesn't show up for me under the search bar... Is it because Wealthsimple (where I have my FHSA) hasn't uploaded the forms yet (end of February) and updated it with the CRA?

FHSA deduction limit is showing $0 when it should be $8000. Is this going to be fixed?

@jake_depo Are you using TurboTax Desktop or TurboTax Online? Are you preparing a 2024 return?

Yenruogan
New Member

FHSA deduction limit is showing $0 when it should be $8000. Is this going to be fixed?

Hi, this is happening to me as well. I’m not seeing T4FHSA when searching for it.  I’m using Turbo Tax Online. 

FHSA deduction limit is showing $0 when it should be $8000. Is this going to be fixed?

From Tax Home, in your return, click on tax profile // edit. In the tax profile pages (2nd page), select the proper items in the FHSA section and click Continue (see screenshot).

 

 

Still from Tax Home, click on Registered savings plans // edit. In your registered savings plans profile, select the proper item related to FHSA and click Continue (see screenshot). 

 

 

Next page will be where you can enter the T4FHSA (see screenshot).

 


 

Thank you for choosing TurboTax.