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March 16, 2025
Question

Hsa contributions for 2024

  • March 16, 2025
  • 1 reply
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Hi, if i contribute to 2024 HSA now from my personal account, How do i declare the same in tax returns if i choose standard deduction?

    1 reply

    March 16, 2025

    The HSA deduction may be taken by any eligible taxpayer, whether they itemize deductions or not.

     

    Here is how to enter the information TurboTax online:

     

    1. Click on Federal Taxes,  Deduction & Credits
    2. Choose "add/edit" HSA, MSA Contributions
    3. You will see a page titled "Your HSA Summary" which will show any deductions already computed from your W-2  
    4. Choose Edit, Check the box for HSA, Continue
    5. You'll now see a screen that says "Here's what we have so far"
    6. Choose done and continue until you get to a screen that says "Let's enter your HSA contributions"
    7. In the box "Any contributions you personally made (not through your employer)" you can add any amounts you personally made, up until the deadline of 4/15/25.