Question

hsa contributions

Forum|Forum|3 years ago
August 22, 2022
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Employee

What is your question about HSA contributions? This is a message forum, not live chat. You have to post all the details of your question and wait for someone to respond.

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eligibleAuthor

In 2021, prior to the deadline, I made an HSA contribution for 2020. I'm working on my 2021 return right now [filed an extension]; I'm using Turbo Tax Home & Business. In terms of the questions Turbo Tax asks re HSAs, and in terms of the IRS Form 8889, I have found no way to enter my HSA contribution for 2020. [I have no contribution for 2021 as I went on Medicare in Sept. 2020.

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NCPERSON1

@eligible

<<In 2021, prior to the deadline, I made an HSA contribution for 2020>>

that HSA contribution goes on your 2020 tax return. Assuming you turned 65 in September, 2020 and you are single, your maximum 2020 contribution was $4550 * 8 /12 or $3033. if you turned 65 prior to September, then the maximum contribution was even less than that.

<<I have found no way to enter my HSA contribution for 2020.>>

because it goes on the 2020 tax return and not the 2021 tax return.

and you can not turn around and say, well then, that contribution in 2021 before the filing deadline was really a 2021 contribution. Since you are on Medicare, you are inelgible to make HSA contributions in 2021.

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