I just opened an HSA in February of this year (and was eligible for all of this year and last year).
I personally made contributions, using online banking, before April 15th that I claimed using Form 8889 when filing my taxes.
I realized that I did not specifically tell my HSA bank to apply the contributions to the prior tax year.
How can I remedy this?
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You have to tell the bank at the time you made the contribution, that it is designated as a prior year contribution. This may be as simple as a drop-down menu in online banking, or you might have to mail a check with a special form, depending on the bank. You can't fix it retroactively.
First you need to file an amended return for 2017 that removes the contributions, adds them back to your taxable income, and pay the tax.
Then, since this contribution is official a 2018 contribution, it is applied to your 2018 limit. If you have ended up contributing too much for 2018, you have to make a "withdrawal of excess contributions". This also requires a special form or procedure, it is not a normal withdrawal. You will report the withdrawal of excess contributions on your 2018 tax return and they will be included in your taxable income.
You have to tell the bank at the time you made the contribution, that it is designated as a prior year contribution. This may be as simple as a drop-down menu in online banking, or you might have to mail a check with a special form, depending on the bank. You can't fix it retroactively.
First you need to file an amended return for 2017 that removes the contributions, adds them back to your taxable income, and pay the tax.
Then, since this contribution is official a 2018 contribution, it is applied to your 2018 limit. If you have ended up contributing too much for 2018, you have to make a "withdrawal of excess contributions". This also requires a special form or procedure, it is not a normal withdrawal. You will report the withdrawal of excess contributions on your 2018 tax return and they will be included in your taxable income.
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