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    Trishala Raj's Avatar
    Trishala Raj Posts: 93, Reputation: 1
    Junior Member
     
    #1

    Mar 5, 2021, 05:42 AM
    HSA Excess contribution
    Hello Atlanta Tax Expert,

    If excess contribution was made in 2020 , what is the best course of action to avoid tax and penalty on the excess contribution and the earnings before April 15th. HSA was done through payroll.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,818, Reputation: 846
    Senior Tax Expert
     
    #2

    Mar 5, 2021, 09:16 AM
    Contact the HSA custodian and arrange to have the excess contributions withdrawn.

    This may have to be done through the payroll or HR department of your company.
    Trishala Raj's Avatar
    Trishala Raj Posts: 93, Reputation: 1
    Junior Member
     
    #3

    Mar 6, 2021, 09:18 PM
    Thanks. Appreciate your response.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,818, Reputation: 846
    Senior Tax Expert
     
    #4

    Mar 6, 2021, 09:24 PM
    Glad to help

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