Excess HSA Contribution 2024

Forum|Forum|1 year ago
March 5, 2025
2 replies
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My husband and I got married Feb 2024.

We both had separate Self-Only HSA plans during 2024.

I contributed $423 and he contributed $507 over the self-only annual 2024 limit.

Both of our accounts have had the money invested. I only carry $50 in my HSA and he carries around $1000. The rest is invested in stocks.

We’re looking to remove the excess prior to filing our taxes this year. We’re a bit confused on how much to remove given our situation, if we qualify for the family limit, and if we do would he be able to withdraw for the both of us.

Not A Product Question

MindyB

Congratulations on your wedding. You will need to remove the excess of the contributions over the family limit, which is $8,300 if you're both under 55 at the end of 2024. This amount is exactly double the individual contribution limit, so your employers shouldn't have allowed this overcontribution. Are you sure you both overcontributed to your individual HSAs? They have a limit of $4,150 if you are under 55.

Since you had separate HSAs, you should withdraw the excess from each account with the overage.

Your HSA custodian will be able to provide you with a form to remove the excess contribution, and you should move the amount needed for the withdrawal out of investments into cash to ensure no delay in the withdrawal.

@EHutchins [Edited 03/05/25 | 3:15 pm PST]

EHutchinsAuthor

Thank you!!

I believe that we were able to do excess contributions since our employer does contribute as well per paycheck. We are both over the $4150.

Thank you for the support! I appreciate the quick response.

MindyB

@EHutchins - I edited my answer, as @dmertz points out I did overlook the fact you did not combine accounts, so please remove the excess separately.

Although your employer also contributes money, they still should not allow you to overcontribute- can you confirm that your W-2 shows more than $4,150 in Box 12 Code W for both of you?