topic Hsa over contribution in Deductions & credits

Hsa over contribution

briana81n — Sat, 01 Jun 2019 01:48:53 GMT

I have over contributed to my HSA and am told I need to withdrawal $400 before April or it will be taxed. My question is, does this withdrawal need to be used on medical or do I simply need to withdrawal the over contributed amount?

Simply withdraw the amount you have over contributed.

Bsch4477 — Thu, 06 Jun 2019 05:30:00 GMT

Simply withdraw the amount you have over contributed.

The withdrawal must be performed as a "return of contribu...

dmertz — Thu, 06 Jun 2019 05:30:02 GMT

The withdrawal must be performed as a "return of contribution." The HSA custodian will have a special form for this.