I have 2 HSA accounts with my current employer. One was with an HDHP plan I had in 2023. In 2024, I switched to a different HDHP with a different HSA account with the same employer. I kept the 2023 HSA account active and had already set up automatic designated payroll contributions for this account which in 2024 totaled $4802 and is listed as exactly that amount on W2 Box 12 , code W. My new HDHP plan and HSA account for 2024 included an employer contribution of $2400. This $2400 is not added to the $4802 in Box 12 code W. I am wondering if it could be included in Box 12 code DD [cost of employer-sponsored heath coverage]. Therefore, I am trying to best answer the Easy Step format questions or where to put this $2400 HSA Contribution amount on Form 8889 for myself. I am trying to determine how much of an excess contribution I made in 2024 in order to request a withdrawal of the excess amount from my HSA Account in order to avoid the penalty, as I misunderstood the rules of contribution limits for both spouses having their own HDHP/HSA accounts and individual and family coverages.
Additional factors/info:
- in 2024 I was 54 years old and had an employer sponsored HDHP with family coverage all 12 months
- in 2024 my husband was 55 years old and had an employer sponsored HDHP with individual coverage all 12 months and contributed $4150
Please advise with how to answer the TuboTax Premier Download version questions correctly so that I can determine if I have an excess HSA contribution and the best way to rectify that to avoid any penalties. Thank you
