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brl88c73
New Member

HSA Account

What can I do if I was registered into an HSA and I don't have a high deductible medical coverage? 

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1 Reply
MinhT1
Employee Tax Expert

HSA Account

If you do not have a HDHP, you are not allowed to contribute to a HSA.

 

If you have already contributed for tax year 2021, you need to ask to withdraw the excess contribution (together with any related earnings) before April 18, 2022 to avoid the excise tax of 6%.

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