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Excess contributions to a Health Savings Account & Penalty
I saw this statement while working on my return. Does it apply to me ? "The penalty comes from your $90 penalty for making excess contributions to a Health Savings Account."
My employer made $1500 contribution to my HSA. I did not contributed myself. I see that its under the limit. So penalty is not imposed on me ? Correct?
So limit I found is: (Employer + employee)
Individual: $3,350 Family: $6,750
So my employer contributed 1500 so it means I can still contribute 5250 from my pocket?
My wife is Homemaker and its just me and my wife in the "family"
My employer made $1500 contribution to my HSA. I did not contributed myself. I see that its under the limit. So penalty is not imposed on me ? Correct?
So limit I found is: (Employer + employee)
Individual: $3,350 Family: $6,750
So my employer contributed 1500 so it means I can still contribute 5250 from my pocket?
My wife is Homemaker and its just me and my wife in the "family"
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‎June 7, 2019
4:02 PM