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I am enrolled in HDHP. Employer HSA contributions are $625. Why is that being counted as income, and why do I have a $38 penalty for excess contributions?
I did not contribute out of pocket. Turbo Tax is telling me the $625 is taxable income and the $38 is for excess contributions. Is there anyone that can help me understand this?
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‎February 17, 2022
1:11 PM