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bekahdoc
February 9, 2020
Question

I am getting an error on my 8889-T form about Excess money withdrawn after the end of year and the number is one that was pulled from my W2 BY TURBO TAX. What can I do?

  • February 9, 2020
  • 1 reply
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1 reply

V
VictorW9
February 9, 2020

It seems like your employer's HSA contribution is causing you to have made an excess contribution to your account.

 

You have the option to withdraw the excess contribution and the net attributable net earnings before you file your taxes. You'll pay income taxes on the excess removed from your HSA.

 

You can leave the excess contributions in your HSA and pay 6% excise tax on excess contributions.

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