BillM223
Expert Alumni

Get your taxes done using TurboTax

TurboTax handles HSAs well, it sounds like what the tax software is doing is not clear to you (which is a common enough issue, even for tax professionals).

 

A "credit" is a technical term in tax - a dollar for dollar reduction in your assessed tax. HSAs do not create any credit at all, so I am puzzled when you say that you are getting "credit" for your $2,000.

 

When I look at turbo tax it doesn’t tell me what form the $2,000 credit is on, it just tells me I am getting a $2,000 credit and reduced my taxable income by an additional $2,000. 

OK, but you still haven't told me where TurboTax said this. Can you give me a screen shot of this page in TurboTax, hiding any personally identifiable data? Or, at the least, quote me what TurboTax said? Was it in the Review? On a Summary page? In some page in the interview? I cannot think of any screen in the product that would make a statement connecting "credit" and HSA.

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