Hi all, My wife had HSA eligible plan from Sep 2024 - Aug 2025. She did a full contribution using the last month rule for 2024. I'm aware that we needed to pay the 10% penalty for the excess 8 month of contribution for failing the test period. But I could not find anywhere to do that. I can see the form 8889 is supported,…
I contributed $250 over the family limit for 2025. Should I have my HSA custodian process an excess contribution refund or should I have them process an individual contribution tax year correction? I was thinking the individual contribution tax year correction would be simpler. My last contribution in 2025 was for $329 on…
I got married earlier this year and my now husband and I didn't change anything with our insurance (we maintained our own separate insurance policies through work). I have a HDHP with a limited FSA and HSA, while my husband does not have a HDHP but his company allows him a FSA. We were under the impression after reading…
I mistakenly overcontributed to my HSA in 2024. I contacted my HSA provider to withdraw the excess fund in February 2024. I filed for an extension because I was told by my employer that I would get an updated Tax form from the HSA provider. I called my HSA and said this wasn't the case. My employer will not issue a W2…
My employer included all HSA contributions in box 12 on my W2, including some excess which was removed a day before the end of the tax year (Dec 2024). They later sent a corrected W2 which included the withdrawn HSA excess contribution in box 1 Wages. Should I include the HSA excess from box 1 or box 12 on the W2? If I…
I contributed $2,000 to my HSA in 2024, and I just discovered I was covered under Medi-Cal the entire year. As such, I shouldn't have contributed to an HSA, and I am working with my HSA Administrator on a withdrawal of my account balance. I have not filed for 2024 yet. However, my account balance at 12/31/24 (and today)…
Because I over contributed a few years ago and was unable to rectify the situation until last year, I seem to be plagued with the **** of the Excess HSA Contribution Penalty. HOWEVER, I've figured out this is because, I cannot affect this specific Box from this Form. The instructions say: "If the contributions to your…
on Freetaxuse, i am filling tax forms as married jointly. Me and wife both have High deductable Health Plan in 2024. My HSA contribution for 2024 is at 3,600 and my wife is at 4,439, which totals to 8,039 and the 2024 family HSA limit is 8,300. So why does the tax site say my wife over contributed by 289? why is it looking…
Hi We discovered an excess HSA contribution while filing our 2024 taxes and would appreciate guidance on reporting it correctly in FreeTaxUSA. Here’s our situation: We have a family HSA contribution limit of $8,300. I contributed $2,175 to my HSA earlier in the year. Later, I moved to my wife’s health plan and she…
Hello! I am trying to figure out a few things with an HSA. Opened an HSA Funded the HSA to 4150 (max individual) Found out that I was not covered, due to clerical error from insurance company. Closed the account, and given a 4760 check. I understand the excess, but how do I file the earnings on this amount (610)? Thanks!
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