My wife and I have separate HSA accounts through our employers. My plan is a family plan (myself plus our two children) and hers is a self-only plan.
In 2022, I contributed the maximum amount into my HSA ($7,300). My wife contributed $1,800 into her HSA. As a result, we are now $1,800 over the maximum amount allowed by the IRS.
Instead of making a withdrawal of the excess contribution(s), my HSA company has another option for redepositing excess contributions… “Redeposit the full amount of the excess contribution made in a prior year plus earnings back into this HSA as a contribution for the current year.”
I would prefer to choose this option. However, TurboTax doesn’t seem to support this. It only allows me to withdraw all or part of the excess contribution(s) or not make a withdrawal and pay an extra 6% excise tax.
How should we approach this? We would prefer to not have to withdraw the money from one or both of our HSA accounts.
