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.

Are you using TurboTax Online or TurboTax CD/Download?

online

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. 

sounds good, thanks for the help

Where do you enter the FHSA T4FHSA amount? I have received my slip and there’s nowhere to enter it on Turbotax Online 2023.

thanks!

Open your return- on the left-hand side and go to Income, T-Slips to T-Slips Summary, and scroll down until you see "NEW T4FHSA". Click on the box in front of where it says "NEW T4FHSA", then continue. Once you get to your T4s you will continue until you get to where it says Enter New T4FHSA and click on it. You will see where you will be able to enter the amount as shown on your T4FHSA slip. 

Thank you for choosing TurboTax.

I am currently having the same problem. 

My spouse and I both opened and contributed 8k into our FHSA accounts. We both withdrew our 8k balances and bought a home. 

On the online version of Turbo it I am getting this when I try to claim the 8k deductions...

"Maximum FHSA deduction available for 2023: $0.00"

I don't have the FHSA Tax receipt yet, but I have entered the information as a reference point. 

Cancel that. Mistake on my end, of course! Just needed to send a forum post before I noticed it! haha

Happy to know the issue was resolved. Thank you for letting us know.

Thank you for choosing TurboTax.

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? 

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

what was your mistake?

Could you clarify your question? 

Thank you for choosing TurboTax.

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 We have not withdrawn 8k balances.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

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

How can this be fixed.

@Danusha Did you enter your T4FHSA slip?

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.

Thank you for the update.

Thank you for choosing TurboTax.