PaulaM
Employee Tax Expert

Retirement tax questions

Yes, you can apply the 2016 excess to your 2017 contributions ($6750-$13), if your employer will allow changes to your HSA elections.

You will incur the minor penalty for the 2016 tax year, but not have the $25 charge. See links below.

http://www.hsaedge.com/2016/11/06/how-to-remove-excess-contributions-to-an-hsa/

https://www.irs.gov/pub/irs-pdf/p969.pdf

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