I have a question regarding my HSA contribution in 2022. For 2022 I contributed $5,800 and my employer contributed $1,500 bringing total 2022 HSA contribution to $7,300. By mistake Employer did not stop HSA deduction from my payroll after reaching yearly max of $7,300 and continued HSA deductions from my payroll. I raised issue with my employer and they paid me the excess deducted amount of $1,000 through regular payroll and FICA and other taxes were properly deducted on the amount.
Even though I was paid excess amount through payroll, employer initially did not remove the excess amount from my HSA account and when I raised the issue with employer again they removed higher amount than original excess amount (removed $1,500 instead of $1,000) from my HSA account. No entries where made in paystub to reflect the additional $500 removed from HSA custodian.
Based on my 2022 Dec paystub, my 2022 W2 Box 12 Code W will have $7,300 but based on HSA custodian website 2022 contribution summary, i guess 5498-SA from HSA custodian will show $6,800 ($500 less). It took long time for my employer to pay me excess deduction and also to deduct amount (even though wrong amount) from my HSA account. I think it will take long time for my employer to look into the issue and put back $500 to my HSA account. Even if it is eventually corrected most probably it will happen after tax filing deadline for 2022.
If I am fine with losing $500 from my HSA account will IRS question the difference between 2022 W2 (12 Code W) and 5498-SA (Box 2)? I am planning to use $7,300 from W2 in Turbotax when I prepare my taxes for 2022.
