June 1, 2019 1:57 AM
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Follow up question: so the 6% penalty on excessive contribution won't apply as long as subsequently year's total contribution won't exceed the limit for that year? For example, suppose I made $1000 excessive contribution from 2015 and paid penalty for that year. Then in 2016 I have a HSA contribution limit of $3000 but I didn't contribute anything to my HSA account other than the rollover money of $1000 excessive contribution from 2015. In this case, even if no withdraw was made, since the total contribution is only $1000 for 2016, no penalty would apply, right?