1️⃣ Click on "Deductions".
Navigate to the Deductions section of the tax return. ➖📂
2️⃣ Click "ADD/EDIT" beside "Adjustments".
This will allow you to make changes or add new entries. 🛠️📋
3️⃣ Find "Health Savings Account" and click "BEGIN".
Scroll until you see the Health Savings Account section, then click "BEGIN" to start.
4️⃣ Select the type of coverage the client has.
Choose either Self-only or Family based on the client's HSA plan. 👤👨👩👧👦
5️⃣ Enter the total contributions your client made.
Input the total amount your client personally contributed to their HSA. 💰➕
6️⃣ Enter the number of months the client was an eligible individual.
A contribution is a deposit into the client’s HSA. 📆✅
7️⃣ Next, Click here.
8️⃣ Check for employer contributions.
👀 If the client had pre-tax employer contributions, they should appear in W-2 Box 12 and should not be entered here.
If they’re not on the W-2 but the client can provide proof, you may enter the amount manually. 🧾📄
9️⃣ Enter the total distributions for the year.
Distributions (withdrawals from the HSA) are found on Form 1099-SA. 🏦📉
🔟 Enter the amount used for qualified medical expenses.
Enter how much of the distribution was used for eligible medical expenses. If your client had a rollover, include that on the line below. 🏥💳
1️⃣1️⃣ Answer the system question based on the client’s situation.
Provide accurate information based on your client’s response. ✅🧍
1️⃣2️⃣ Answer any remaining questions accordingly.
These will vary depending on the client and must be answered individually. 🔍🧾
1️⃣3️⃣ Click "Continue" to finalize the section.
Once everything is filled out, click "Continue" to save and move forward. 💾🚀
