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HSA tax excise tax
I have HSA with HDP plan at my employer.
Line W on my W2 shows contributions of 3499 which is comprised of $300 from my employer and the rest from payroll deductions. I am 63 years old during the tax year. I see a $150 additional tax on my 1040 for retirement which I assume is for my HSA contributions. I thought that the contribution limit for 2019 for a person over 55 to be $4500. Why am I paying the additional tax?
‎February 2, 2020
7:54 PM