Can i make a contribution to my hsa to lower my 2018 tax liability? If so, where do I do that?

dvsdad99 — Tue, 04 Jun 2019 21:44:14 GMT

If you were under HDHP coverage (High Deductible Health...

BMcCalpin — Tue, 04 Jun 2019 21:44:16 GMT

you were under HDHP coverage (High Deductible Health Insurance) in 2018 and
you did not have conflicting coverage (like regular employer-sponsored health insurance or Medicare) and
you have room left under your annual HSA contribution limit for 2018 (i.e., if your limit was $3,450, that you haven't contributed that full amount yet)

then you can contribute now (until April 15th) an amount for your HSA in 2018. To do this:

if you don't have an HSA yet, ask the HSA custodian to create one for you
send the HSA custodian the contribution, making it clear that the contribution is for 2018 (because, by default, the custodian would make it for 2019)
ensure that whatever contributions you made in 2018 plus this new contribution do not exceed the annual HSA contribution limit for 2018
enter the HSA interview (do a Search for hsa (lower case) and jump to it), and on the screen where it says "Let's enter [name]'s HSA contributions" (see screenshot below), enter your new 2018 contribution in the second line as a "personal" contribution.

mccabe-molly — Tue, 04 Jun 2019 21:44:18 GMT

Can you post a screenshot of where to enter this in TurboTax Home & Business. Thanks.