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HSA Excess Contribution
Me and my wife both are covered by our employers under HDP and we have a HSA account. This is the first time we contributed to HSA and I miss read that I can contribute 3550 for myself and my wife can contribute 3550 for her and for our daughter. I did a total contribution of 1350 into my HSA and my wife did 7100 contribution into hers. When calculating various options in turbo tax, we find that "Married filing separately" is working out better for us. Being said that, I believe the only way to fix this is, my wife will have to apply for "HSA Excess Contribution Removal form" for $3550. And I can deposit (3550 - 1350 = 2200) into my HSA. My wife's HSA account holder says that we can request for the removal of 3550 but I will have to connect with tax consultant for calculating "Earnings on Excess".
1. Is my understanding on how to fix this mistake correct?
2. How do I calculate the "Earnings on Excess contribution" of $3550 ?
Thank you for taking time to respond.