Question

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

Forum|Forum|2 years ago
January 4, 2024
4 replies
0 views

No text available

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.

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desmondgrthomasAuthor

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

TurboTaxSusan

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.

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rxstefan

I am having the same problem. It is showing FHSA deduction available for 2024: $0.00. On this exact same screen it says "This is based on the T4FHSA slips you entered. To add or edit amounts, go to T4FHSA Contributions" however when I click on the hyperlink T4FHSA Contributions it just reloads the same page stating my FHSA deduction available for 2024: $0.00. Is this a glitch in the system? Throughout the whole process it never asked me to enter my contributions first. It only asked if I opened my first FHSA account in 2024 which I clicked the box yes and then it took me to next screen about deductions which says my deductions available are $0. Is it maybe because I did auto autofill from CRA and there is no record on there for my FHSA, which makes sense since last year was first time I opened one. Is there a way to re-start the tax filing?

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rxstefan

Figured it out. Had to go and change contributions first by clicking on the box of T4FHSA slip in the beginning when it asked which of the following do you have.

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shez

It has been fixed. can you please make sure that you closed your TurboTax and reopen it and except the new updates.

Thank you for choosing TurboTax.

It is April 30th and this issue has not been resolved. This level of service is not acceptable. Turbo Tax was aware of the bug since at least mid-March and had ample time to solution it.

Today was the last day to file 2024 tax returns without incurring late fees. Turbo Tax should be refunding customers for failure to deliver service and compensating for the late filing charges.

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harpoon47

New Member

What a crappy situation on T4 FHSA , Turbo charges money and it glitches on the amount to enter, Tubo is a ripoff ,they knew months ago the T4FHBSA DID NOT WORK ,but they charge before they tell you

43m ago

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harpoon47

Turbo knew about this long ago, they collected money anyway