Deductions & credits

Yes, you should be able to qualify for the credit since you have an HSA and paid out of pocket.    Here is IRS Publication 969, Health Savings Accounts.  

 

Financial institutions report HSA contributions on IRS Form 5498-SA, which is sent to both the taxpayer and to the IRS. You can then report your tax-deductible HSA contributions on Form 8889, with the total contributions transferred to and reported on your Form 1040.

 

Check this TurboTax article that explains how to calculate the credit: Where do I enter my HSA contribution?

 

In most cases, your HSA contribution is reported in Box 12 of your W-2 with the code W (Company Contributions to Health Savings Account).

Tip: Code W actually reports the combined contribution – yours plus your employer's. So if you contributed $1,500 to your HSA and your employer matched it dollar for dollar, Box 12 on your W-2 would show $3,000 with a code W.

But what if I made an HSA contribution that wasn't reported on my W-2?

We'll ask about this uncommon situation when you step through the Medical section. Look for the questions Were HSA contributions made in 2020? or Do you need to make any adjustments to your HSA contribution amount? When you answer Yes, we'll open a screen where you can enter your contribution.

 

@klmitchells42