Log in

View Full Version : Exceeding HSA Limit and Employer contribution


tuhin
Mar 31, 2014, 10:08 AM
Hi

I had HSA plan for 1 month in 2013 with Company A. Company A contributed in HSA. It might be HSA limit has exceeded based on number of months in HSA plan.

What would be advisable
- take the money from HSA and which forms need to be filled for taxes in this scenario?
- or keep the HSA account and pay penalty for the excess HSA?

Tuhin

AtlantaTaxExpert
Mar 31, 2014, 10:13 AM
You will need to file Form 8889 to determine how much you were allowed to contribute.

If too much was contributed, get the money back.

tuhin
Apr 2, 2014, 12:51 PM
If I withdraw the full contribution , what forms I need to fill?

AtlantaTaxExpert
Apr 2, 2014, 12:57 PM
Not sure you CAN withdraw the full contribution, only the overage.