Where Can I File Taxes for Free if I Have an HSA? - HSA Awareness Article

When it comes to filing taxes for free with an HSA (Health Savings Account), there are several options available to you. Here are some ways you can file your taxes for free if you have an HSA:

1. IRS Free File: The IRS Free File program allows individuals with an adjusted gross income of $72,000 or less to file their federal taxes for free. This includes Form 8889 for reporting HSA contributions and deductions.

2. Free File Fillable Forms: If your income is above $72,000, you can use the Free File Fillable Forms provided by the IRS to prepare and file your taxes online at no cost. You can manually enter the information related to your HSA on these forms.

3. Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE): These programs offer free tax help to people who qualify, including those with low to moderate income. Trained volunteers can assist you in preparing and filing your taxes, including any HSA-related forms.

4. Commercial Tax Preparation Software: Many popular tax preparation software options, such as TurboTax, H&R Block, and TaxAct, offer free versions for simple tax returns, which may include HSA reporting. Make sure to check if your HSA-related forms are supported in the free version.

Remember, it's important to accurately report your HSA contributions and withdrawals on your tax return to avoid any penalties or errors. If you're unsure about how to handle your HSA taxes, consider seeking assistance from a tax professional.

If you're looking to file your taxes for free with your Health Savings Account (HSA), there are some great options available that can help you save time and money. Start with the IRS Free File program, which accommodates those with an adjusted gross income of $72,000 or less, allowing you to prepare and submit your federal return at no cost, including the necessary Form 8889 for HSA documentation.