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Retirement tax questions
Sure! My husband has an HSA eligible HDHP from Blue Cross from his employer. He started in July 2020, and each year we have been putting the maximum family limit into the HSA. He's under 55 and has been at the same job since, with no lapse in coverage. It is the sole health care plan for our family, so there's no overlap or confusion there.
2020: $5,396 (which includes the $1,846 excess)
2021: $7,200 (+ excess)
2022: $7,300 (+ excess)
2023: $7,750, deducted excess & interest
I filed form 5329 each year, paid the 6% tax and essentially rolled the excess over until 2023 when I had it removed from the account through the distribution from the bank to try to fix the problem.
Hope that helps clarify.
‎April 5, 2024
2:13 PM