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Deductions & credits
"Shall I contact my Company to correct W-2 to show a corrected HSA contribution in W-2c or it is not required?"
No, do not ask your employer for a corrected W-2, because, after all, what they did was correct so far as they know.
Instead, just follow the process I've outlined above.
Note that your HSA custodian (Fidelity, I believe) likely has the form for reporting an Excess Contribution online on their website (it's worth looking for anyway).
The $47 will still appear on line 8 of Schedule 1 (1040). The HSA custodian will send you a check for $47 dollars. And their paperwork will be correct. Case closed.
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‎February 23, 2021
7:51 PM
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