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Level 1
April 27, 2022
Question

Where does the amount on my HSA deduction come from? Where does Turbo Tax get that number from or is that standard?

  • April 27, 2022
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1 reply

rjs
Level 15
Level 15
April 27, 2022

Are you referring to the HSA deduction on Schedule 1 line 13? It is basically the amount that you contributed to your HSA yourself, other than contributions taken from your pay as an employee. The deduction is calculated in Part I of Form 8889. The amount on Schedule 1 line 13 is transferred from Form 8889 line 13.

 

Critter-3
Level 15
April 27, 2022

If you are self employed the deduction could be limited to your profit on the Sch C minus 1/2 of the SE tax.  The balance would be sent to the Sch A if you itemize deductions.