HSA contribution

[osasfrancis88]

For 2019, i did not have an HSA account. Now for 2020, i do. Can i contribute to my HSA for the year 2019, even if i didnt have an HSA for 2019 but have it now?

Thanks

[MinhT1]

If you have just opened a HSA in 2020, you can still contribute to it for tax year 2019 until April 15, 2020 if you satisfy the requirements for a HSA in 2019. Make sure that you inform the HSA administrator that the contribution is for tax year 2019.

Please read this TurboTax Help topic for more information.

[rogo2020]

Hi, I'm wondering if anyone can help me with this but I'm trying to figure out where on form 1040 or Schedule C I find Credits for line 7 for form 1040ES.  Would these be on line 18 (Payments) from form 1040? 

[VolvoGirl]

@rogo2020   Do you need to enter estimated payments you made?

For 2019 Estimated payments should be on schedule 3 line 8

And go to 1040 line 18d.

You can type estimates paid in the search box at the top of your return and click Find and it will give you a link to Jump To it.

OR

To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January for the prior year, go to

Federal on left or at top.  Personal (Home & Business)

Deductions and Credits at top

Then scroll way down to Estimates and Other Taxes Paid

Estimated Taxes - click the start button

[rogo2020]

sorry, I think I may have worded that wrong. I'm trying to complete 1040ES for 2019. On line 7- "Credits (see instructions). Do not Include any income tax withholding on this line", I'm just trying to figure out if this would be the same entry line as #18 on form 1040. My husband and I file jointly and I just became a freelancer beginning in 2019, so this is all new to me. Thanks again for your previous response!

[Critter]

Line 7. Credits. See the 2018 Form 1040, line 12a and Schedule 3 (Form 1040), lines 48 through 51, 53, and 54,
and the related instructions for the types of credits allowed.