Deductions & credits

DawnC · ‎April 18, 2022

You do not have to tell TurboTax about your HSA, but if you have code W in box 12 - those indicate that you made HSA contributions, so you will have to tell TurboTax about your HSA to avoid penalties - you can't contribute to an HSA without a HDHP. Also, if you took distributions from your HSA, you will get a 1099-SA that requires Deluxe.

Depending on what your tax situation was last year, you might need to use new tax forms to claim the same deductions, credits, or forms of income. Some of the situations that are now in TurboTax Deluxe and TurboTax Live Deluxe, instead of in Free Edition, include:

Unemployment income
Retirement savings contribution credit for 401(k) and IRA contributions - See this link - the upgrade request may be for this credit.
Education credits
Child dependent care credit

Go here for more info on which forms are included in TurboTax Free Edition. See the first line item below.

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