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Level 1
Jun 1, 2019 1:48 AM UTC
Solved

Hsa over contribution

I have over contributed to my HSA and am told I need to withdrawal $400 before April or it will be taxed. My question is, does this withdrawal need to be used on medical or do I simply need to withdrawal the over contributed amount?
Bsch4477Answer
Level 15
Jun 6, 2019 5:30 AM UTC

Simply withdraw the amount you have over contributed.

2 replies

Bsch4477Level 15Answer
Level 15
Jun 6, 2019 5:30 AM UTC

Simply withdraw the amount you have over contributed.

Level 15
Jun 6, 2019 5:30 AM UTC
The withdrawal must be performed as a "return of contribution."  The HSA custodian will have a special form for this.