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-   -   Exceeding HSA Limit and Employer contribution (https://www.askmehelpdesk.com/showthread.php?t=788244)

  • Mar 31, 2014, 10:08 AM
    tuhin
    Exceeding HSA Limit and Employer contribution
    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
  • Mar 31, 2014, 10:13 AM
    AtlantaTaxExpert
    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.
  • Apr 2, 2014, 12:51 PM
    tuhin
    If I withdraw the full contribution , what forms I need to fill?
  • Apr 2, 2014, 12:57 PM
    AtlantaTaxExpert
    Not sure you CAN withdraw the full contribution, only the overage.

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