in [Event] Ask the Experts: Investments: Stocks, Crypto, & More
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In past tax years i have been able to contribute maximum $$ ($8000 in 2020 for the 2019 tax year)
can i do this in 2021 for the tax year 2020?
turbotax asks if i contributed funds into HSA in 2020 -- yes i did, but for 2019 tax year
will turbotax ask me if i want to reduce my taxable income by contributing the maximum (family $7100 + $1000
for my wife and I (both 55+) for $8100 for the tax year 2020?
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When TurboTax asks if you "put money into an HSA in 2020?", they are referring to contributions that are for the tax year 2020.
Even if they are made in 2021, they will go onto the 2020 tax return and reduce your taxable income.
Hi!
What if I file my 2020 federal taxes now but my employer and I continue to make contributions for 2020 until April 15 or even new deadline of May 17,2021 ( IR-2021-59)? Will I have to file an amended return for Federal and MO state taxes???
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