Agrawal
New Member

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"