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    excess HSA contribution

    Client put $1000 too much into 2017 HSA account. The client filed an extension, so return has not been filed yet due 10-15-18. Can he withdraw $1000 from account, along with the little amount of interest it accrued and be good? Trustee will have to fill out corrected forms.
    It was a family HSA, husband, over 55 put in $8750 and wife (over 55) opened another account and contributed $1000 - two separate accounts as I understand the rules. Now husband has $1000 too much.
    Is this correct?

    #2
    He should ask for a "return of excess contributions" (and the earnings on that excess).

    Otherwise, yes, that sounds correct. The earnings will be taxable on Line 21 of Form 1040.


    Bill

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