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kak
Returning Member

Excess HSA Contributions

I have read the posts, but nothing is quite like my situation. I lost my job in June while on a HD medical plan and all HSA contributions taken as payroll deductions. I went on Medicare in August, but Medicare gracefully started my coverage back to January 2025, so I contacted Fidelity to remove all of the HSA contributions before the end of the year. In the interview mode, I said we had no insurance/Medicare for the whole year. I contributed $1,500, the company contributed $500 and interested earned was $250. I already withdrew all $2,250 funds in 2025. The 1099-SA from Fidelity was correct in the box 1 was $2,250 and box 2 was $250 and code “2” in box 3. Unfortunately, on my W2 from the company it only identifies $1,500 in box 12 (W code). On form 8889-T, the exclusion amount is $1,750 (1500+250), but I think the number to be $2,250.

 

Is that correct? Did I fill out the interview correctly?

 

Thanks in advance.

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