Is there a minimum amount required for reimbursement? I have a few small co-pays like $20-30 each that I paid with my debit card.

There's typically no minimum amount required for reimbursement - you can request even small amounts like $20-30 copays. However, some people prefer to batch smaller expenses together and request reimbursement quarterly or annually just to reduce the paperwork and transactions. One strategy some people use is to intentionally pay smaller expenses out of pocket, save the receipts, and let their HSA funds grow tax-free for years. Then they can reimburse themselves much later (even in retirement) when they might need the cash more. As long as you have the documentation showing the expense was HSA-eligible and incurred after you established your HSA, there's no time limit.

I actually went through an IRS audit last year that included reviewing my HSA. As long as you have proper documentation, there's no problem claiming old expenses. The IRS specifically states there's no time limit. I had reimbursed myself for expenses from 4 years prior and provided: 1. Original receipts showing the medical nature of expense 2. Proof of payment (credit card statement) 3. Proof it wasn't reimbursed by insurance (EOB) They didn't question it at all.

Thanks for the heads up! I hadn't even thought about documentation issues. Does TurboTax store all this info year to year or should I be keeping separate records?

TurboTax does track the remaining credit amount from year to year if you use it consistently, but it doesn't store your actual receipts or documentation. You definitely need to keep all that separately. I recommend scanning everything related to your solar purchase and installation and keeping digital copies in multiple places (cloud storage, external drive, etc.). Include the contract, all receipts, the manufacturer's certification statement, and any utility interconnection agreements. The IRS can ask for this stuff years later, and solar companies sometimes go out of business, making it impossible to get duplicates.

Check your Form 5695 on the actual tax return PDF. It should show both the total credit calculated and the amount applied to this year. The amount carrying forward should be the difference. It's on Part I, line 15 (total credit) and line 16 (amount used this year).

Found it! You're right, it's on those lines. Weird that TurboTax doesn't make this clearer in their summary. I see now that I have about $5,100 carrying forward. Thanks for pointing me to the right place!

Thank you for the advice! I've been looking through my Google Maps timeline and I can actually piece together a lot of my driving history which is super helpful. I'm definitely reporting all the income - I'm just trying to figure out the right way to handle the expense side. Do you have any guidance on what percentage of expenses would trigger an audit? I want to be honest but also not raise any red flags.

There's no specific percentage that automatically triggers an audit. The IRS compares your expense ratios to industry averages, so what matters is whether your deductions seem reasonable for your type of work. For example, if you're doing handyman jobs, claiming 30-40% expenses might be reasonable, but claiming 80% would raise eyebrows. Focus on being accurate and honest rather than worrying about audit triggers. Document everything you can reconstruct, keep your tax records for at least 3 years, and you should be fine. Most small business audits happen because of unreported income or extremely disproportionate expense claims, not because someone claimed legitimate expenses without perfect documentation.

I prefer FreeTaxUSA for self-employment income. It's way cheaper than TurboTax and just as thorough for Schedule C filing. It also has good guidance on documentation requirements.

How exactly do you adjust your withholdings? I've seen this advice before but I have no idea how to actually do it.

You need to fill out a new W-4 form and submit it to your employer's payroll department or HR. The form was redesigned in 2020, so it's different from the old withholding allowances system. The new form has a section where you can specify an additional amount to withhold from each paycheck. For example, if you owed $1255 and get paid bi-weekly (26 paychecks per year), you might want to have an extra $50 withheld per paycheck ($1300/year) to cover what you'd otherwise owe at tax time.

FreeTaxUSA has been my go-to for years! It handles everything TurboTax does but for a fraction of the cost. Only downside is the interface isn't as pretty, but who cares when you're saving hundreds?

Thanks for the heads up! Do you know if there's a specific deadline for this? Is it the tax filing deadline (April 15, 2026) or do I need to do this before the end of 2025?

You have until the tax filing deadline for the year of the contribution, including extensions. So for contributions made in 2025, you have until April 15, 2026 (or October 15, 2026 if you file an extension) to withdraw excess contributions without penalties. However, I'd recommend handling it sooner rather than later just to have it resolved. And yes, any earnings specifically tied to those excess contributions also need to come out, and those earnings would be taxable income in the year you withdraw them.

Unfortunately, once you contribute to someone else's Roth IRA, that money legally belongs to them. It's now part of their retirement assets. The best approach is to address this in your divorce settlement negotiations - you could potentially ask for other assets of equivalent value in the division of property. Your situation is exactly why my attorney advised me to pause all contributions to my spouse's accounts as soon as divorce was on the horizon. Some states might view this differently depending on community property laws, but generally speaking, that money is considered gifted to them.

Thanks for the insight. That's what I was afraid of. I'll definitely bring this up with my divorce attorney to see if we can factor it into the overall settlement. Lesson learned for sure.