Hello there,
I changed my elections for HSA contributions because of Medicare eligibility to 0.
However, due to a system error, my final pay in December of 2024, still had the withholding listed.
The employer caught this before sending the funds to the HSA account and refunded me the money with my first pay check in January 2025.
However, my W2 for 2024 now shows an HSA contribution. When I asked my employer for a corrected w2 they said the correction will be on my 2025 W2 since they refunded the money this year.
Does that mean I have to pay a penalty now, and then get that fixed when my w2 next year shows a negative for HSA contributions?
Can I just put a 0 now and then not report anything next year when it shows a negative balance?
Any help is greatly appreciated.
