nk_
New Member

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I understood that I need T4FHSA to get proper deduction limit on TurboTax. But who is responsible for T4FHSA? The company I have FHSA account with, or myself? If I have to prepare T4FHSA myself, how can I do that? 

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@nk_ The T4FHSA will be issued by whatever bank or institution that you have your FHSA account with.

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what was your mistake?

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Could you clarify your question? 

 

Thank you for choosing TurboTax.

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Update: the problem is solved.

Hello,

 

I have been facing the same issue as you:

My spouse and I opened and contributed 8k into our FHSA accounts (each of us has a separate account) in 2023. We have not withdrawn 8k balances.  I am getting this on the offline version of Turbo when I try to claim the 8k deductions.

 

"Line 20: Maximum FHSA deduction available for 2023: $0.00". But, my spouse, on the other hand, could get the FHSA deduction for 8k.

 

Could you please share how you resolve this?

 

Thank you in advance for your help

Danusha
New Member

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I am having the same problem with the download version of the software.

How can this be fixed.

 

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@Danusha Did you enter your T4FHSA slip?

Danusha
New Member

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I ended up going directly into the form and entering my contribution amount, then back into the Easy step process, and then the limit was correctly amended to the contribution amount vs zero.

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Thank you for the update.

 

Thank you for choosing TurboTax.

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It didn't work that way for me Susan. I opened a FHSA in 2023 but made no contribution and schedule 15 said there is no carry over or unused FHSA contribution available to deduct in future years.

I thought I should have been able to donate 16,000 in 2024 since I didn't use my 2023 contribution room but not only does 2023 turbo tax say I have no carry over, 2024 turbo tax blocks me from deducting any more than $8,000.

How do I reclaim my original $8,000 of contribution room from 2023 please?
Doug.