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briana81n
New Member

Hsa over contribution

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?
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Accepted Solutions

Hsa over contribution

Simply withdraw the amount you have over contributed.

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2 Replies

Hsa over contribution

Simply withdraw the amount you have over contributed.

dmertz
Level 15

Hsa over contribution

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

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