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Deductions & credits
If your contribution exceeds the limit, you are hit with a penalty every year until the excess (and earnings thereon) are removed. if you are going to withdraw the excess contact the administrator so the proper amount is withdrawn and it files the proper tax forms. the penalty is based on the lesser of the excess contribution or the value of of the HSA account at yearend.
‎July 19, 2022
4:36 PM