You can also contribute directly to your HSA and get a tax deduction. This is uncommon for employees who make pre-tax contributions at work, but is more common for self-employed or unemployed taxpayers who have an HSA.
Here’s how to enter a post-tax HSA contribution in TurboTax:
- Open (continue) your return in TurboTax.
- In the search bar, search for hsa and select the Jump to link in the search results.
- On the screen Tell us about the health-related accounts you had in 2023, check the box next to Health Savings Account (HSA) and select Continue.
- If you land on Your HSA summary, select Edit, then make sure the Health Savings Account (HSA) box is checked on the next screen and select Continue.
- If you see the screen Here’s what we have so far, select Done.
- Answer Yes or No to Did you inherit this HSA?, depending on your situation.
- Enter your contribution on the screen Let’s enter your HSA contributions and select Continue.
- If you contributed too much, you'll see the message You may want to withdraw funds from your HSA. Select the option to either withdraw the excess or pay the penalty.
- Continue answering the questions until you reach Your HSA summary. All your employee contributions will be listed as a deduction, and any contributions made by your employer and not reported on your W-2 will be reported as tax-free company contributions.