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irvindw
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Correcting excess HSA contributions within tax year

 
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Correcting excess HSA contributions within tax year

Contact the HSA bank and ask for a return of excess contributions, this may be a different form or procedure than a regular withdrawal.  The bank will return the funds and they must also return any interest that was earned by the excess funds.  On your tax return, you will still report the total amount contributed, and if it is excess, Turbotax will ask if you had the excess returned.  The interest earned is reported as "other miscellaneous income."

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