What was the type of HDHP policy? Family or Self-only? Did either of you have Family coverage at any point in 2020?
Did he have excess contributions in 2019 that he carried over to 2020 (this would have been reported on form 5329 in Part VII).
How did your husband contribute the $1,000? Was it directly to the HSA custodian, or through his employer (by payroll deduction)?
Did you make any contributions to his HSA?
The annual HSA contribution limit is calculated this way:
$3,550 <= I am assuming that he had Self-only coverage
$1,000 <= I am assuming that he is surely 55+
$4,550 <== subtotal
$2,275 <==times 6 and divided by 12
The excess contribution is the amount that the contributions exceeded this limit, which would appear to be -$325 ($2,275 minus $2,600).
But I have made a number of assumptions, so please go through the questions above and give me the answers.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
