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tlstmsnls
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Entering my personal HSA that I contributed throughout last year. Not through and employer. When I enter the amount contributed why does it give me the same amount on deductions?

 
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Entering my personal HSA that I contributed throughout last year. Not through and employer. When I enter the amount contributed why does it give me the same amount on deductions?

Your personal HSA contributions (not through your employer) are listed on line 12 on Schedule 1 (1040). Here it becomes an adjustment to gross income, not a deduction that is listed on Schedule A.

An adjustment to gross income reduces your taxable income, and thus reduces your taxes.

Also note that you should make sure to complete the HSA interview (go all the way back to "My Tax Breaks" menu), as there are questions even at the end that can affect the outcome of your HSA.

 

[Edited 3/26/2020 10:53 am CDT - updated for 2019]

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Entering my personal HSA that I contributed throughout last year. Not through and employer. When I enter the amount contributed why does it give me the same amount on deductions?

Your personal HSA contributions (not through your employer) are listed on line 12 on Schedule 1 (1040). Here it becomes an adjustment to gross income, not a deduction that is listed on Schedule A.

An adjustment to gross income reduces your taxable income, and thus reduces your taxes.

Also note that you should make sure to complete the HSA interview (go all the way back to "My Tax Breaks" menu), as there are questions even at the end that can affect the outcome of your HSA.

 

[Edited 3/26/2020 10:53 am CDT - updated for 2019]

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