HSA excess contribution question

S1 — Sun, 14 Feb 2021 17:48:56 GMT

In 2020, my employer accidentally made an extra contribution to my HSA account. I filled out a form to get the excess contribution taken out, in the form of check written to me from my HSA provider. They noted this amount will show up on my 2021 1099-SA as Excess.

What does this mean? Will I be taxed on this excess amount for my 2021 taxes? Or is this just more so for documentation purposes?

Thank you!

Re: HSA excess contribution question

MayaD — Sun, 14 Feb 2021 23:22:22 GMT

Yes, when you receive form 1099-SA in 2021, you will report it on your return and it is taxable because your contribution was made with pre-tax money.

topic HSA excess contribution question in Get your taxes done using TurboTax

HSA excess contribution question

Re: HSA excess contribution question