Where Can I Do My Taxes for Free If I Have an HSA?

If you have an HSA (Health Savings Account) and are looking to do your taxes for free, there are several options available to you. Doing your taxes with an HSA can be straightforward, and you may be eligible for free tax filing services that can help you navigate the process. Here are some places where you can do your taxes for free if you have an HSA:

• IRS Free File: The IRS offers Free File options for individuals with an adjusted gross income of $72,000 or less. You can use this service to electronically file your taxes for free.
• Free File Alliance: The Free File Alliance is a partnership between the IRS and various tax software companies. If you qualify based on income, you can use these software programs to prepare and file your taxes for free.
• Volunteer Income Tax Assistance (VITA): VITA offers free tax help to individuals who make $57,000 or less, persons with disabilities, and limited-English-speaking taxpayers. Volunteers certified by the IRS provide free basic income tax return preparation.
• Tax Counseling for the Elderly (TCE): TCE offers free tax help to all taxpayers but specializes in questions about pensions and retirement-related issues that are unique to seniors. Trained volunteers provide free tax counseling and basic income tax return preparation for senior citizens.

Remember to gather all your HSA-related documentation, such as contributions, withdrawals, and any tax forms provided by your HSA provider, before you start filing your taxes for the year.

If you have an HSA (Health Savings Account) and are looking to file your taxes at no cost, there are multiple avenues to explore. Utilizing these free tax filing options can simplify the process, especially if you're unsure how to account for your HSA during tax time. Here’s where to seek assistance:

• IRS Free File: If your adjusted gross income is $72,000 or less, you can take advantage of the IRS’s Free File service to electronically file your taxes at no charge.
• Free File Alliance: Through a collaboration between the IRS and select tax software companies, the Free File Alliance provides eligible taxpayers access to numerous free software solutions for efficient tax preparation.
• Volunteer Income Tax Assistance (VITA): For individuals earning $57,000 or less, VITA offers free support from IRS-certified volunteers ready to help with basic income tax return preparation, especially useful for those navigating HSA taxation.
• Tax Counseling for the Elderly (TCE): TCE focuses on providing tax assistance to seniors, offering expert advice in administering tax returns concerning pensions and retirement concerns, all at no cost.

Before filing your taxes, ensure you collect important documentation related to your HSA, including contributions, withdrawals, and any tax forms your HSA provider has issued.