Hi Experts,
Sorry we are filing 2021 tax returns in extended period by Oct 15, 2022. We did file extension.
In 2021 I had HSA with family coverage (my HDHP coverage was me and kids) and my wife had HSA with family coverage (her HDHP coverage was her and the same kids).
Combining both HSA we have $1400 excess in HSA contribution in 2021. We filed tax extension appropriately before April 15, 2022. So now we are ready to do tax returns before Oct 15, 2022.
How would the HSA excess fix work now with my Tax extension period? I was told that with tax extension period the HSA w/ family coverage for me and my wife are now treated as HSA with self only and now I have way more excess than $1400. The IRS rules for HSA excess fix for April 15, 2022 date is different than the tax extension date I have i.e. Oct 15,2022. This is all confusing. Can you help sort this out?
Thanks,
LPS2
