I have been filing with you for several years. :) I just found out that my HSA contribution was only $20.02. Is it okay to not bother with this at all?

franklinsmithjr · ‎June 7, 2019

Opus 17 · ‎June 7, 2019

You will get a letter from the IRS. They will assume your contribution was not qualified and will assess tax and a late fee for not paying it before. Then you would either have to pay or file an amended return to prove the contribution was qualified. The letter is pretty much automatic so I doubt there is a human who will look at it and decide not to bother.

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Opus 17 · ‎June 7, 2019

You will get a letter from the IRS. They will assume your contribution was not qualified and will assess tax and a late fee for not paying it before. Then you would either have to pay or file an amended return to prove the contribution was qualified. The letter is pretty much automatic so I doubt there is a human who will look at it and decide not to bother.

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I have been filing with you for several years. :) I just found out that my HSA contribution was only $20.02. Is it okay to not bother with this at all?