Hi Everyone,
I need suggestions on HSA excess contribution withdrawal and next steps.
I over contributed my 2024 HSA by $4150, which I apparently figured out a couple of weeks back. I reached out to my custodian and submitted Excess Contribution Disbursement form and the excess contribution + its earnings were sent back as Check.
1. Should I reach out to my employer asking for W2c?
2. Since only few days left for tax deadline, I am currently planning to file my returns with W2. Will that create any problem now or in future ?
3. With my current W2 and excess HSA contribution, I see 5329 is mandatory with $249 (6% penalty). Now my HSA custodian removed this excess contribution, is there anyway to include/indicate this in my current 2024 tax returns?
4. My HSA custodian mentioned 1099-SA form will be mailed Feb' 2026. What and how should this be used for my next year tax returns?
Your valuable response to these are much appreciated.
