- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
That might be because you over-funded the plan. You are only allowed to contribute $3,500 per year ($4,500 if over 55) to an single HSA plan. If you contribute more, you are subject to a penalty. You could withdraw the excess contribution by the due date of your tax return to avoid the penalty however.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 16, 2020
1:53 PM