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    tuhin's Avatar
    tuhin Posts: 16, Reputation: 1
    New Member
    		  
    #1

    Mar 31, 2014, 10:08 AM
    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
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    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's Avatar
    tuhin Posts: 16, Reputation: 1
    New Member
    		  
    #3

    Apr 2, 2014, 12:51 PM
    If I withdraw the full contribution , what forms I need to fill?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

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