"Excess contributions to an HSA for 2024 are caused by prior year's excess". This is inaccurate, as I withdrew by the deadline for 2023 filing. How can I fix this?

Forum|Forum|1 year ago
February 18, 2025
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Best answer by BillM223

OK, did this message appear on the screen that said that you had an excess and you needed to withdraw some or all of it? Then when you tried to, it said that you can't because some/all of the excess was from a prior year?

If so, let me ask you what your answer was when TurboTax asked you earlier in the HSA interview, "Did you overfund your HSA last year?".

If you had excess contributions in 2023, BUT withdrew the excess before April 15, 2024 (i.e., the due date of the 2023 return), then you should answer NO.

This question really should be, "Did you carry over any excess HSA contributions from 2023?". If you withdrew the excess in time, then you cured the excess and don't have to admit to it any more.

Does that work for you?

BillM223Answer

If so, let me ask you what your answer was when TurboTax asked you earlier in the HSA interview, "Did you overfund your HSA last year?".

If you had excess contributions in 2023, BUT withdrew the excess before April 15, 2024 (i.e., the due date of the 2023 return), then you should answer NO.

This question really should be, "Did you carry over any excess HSA contributions from 2023?". If you withdrew the excess in time, then you cured the excess and don't have to admit to it any more.

Does that work for you?

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