- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
No. After the dust settles, I have an excess contribution of $261. This is because there's a difference between the W-2 amount and the 5498-SA amount, due to the employer counting a contribution from an end of Dec paycheck toward 2017, the HSA counting it toward 2018 when they received or processed it, and me trying to max out the HSA by contributing another $320 (in Feb 2018) for 2017. I'm wanting to figure out how to handle it correctly. Contact the HSA and see if I can change my Feb 2018 contribution of $320, earmarked for 2017, to 2018?
Both the W-2 amount and the 5498-SA amounts are being reported to the IRS. This can't be an uncommon occurrence. Does the W-2 figure take precedence over the 5498-SA? Does it matter if I chose to use the HSA figures and manually override the software?
Both the W-2 amount and the 5498-SA amounts are being reported to the IRS. This can't be an uncommon occurrence. Does the W-2 figure take precedence over the 5498-SA? Does it matter if I chose to use the HSA figures and manually override the software?
‎June 6, 2019
9:06 AM