Nicole H. asked
I coordinated with my employer to have my entire paycheck deposited into my HSA until I hit a certain amount. Due to an error, they deposited $1000 more than I asked, putting me over the maximum HSA contribution for 2016. Payroll corrected the next paycheck, but now I need to return the $1000 excess to my employer. Payroll advised me to write them a check from my HSA, but I'm unsure if that's appropriate since it's non-medical related. My credit union does not have a special form for distributing excess contributions. How can I return the $1000 to my employer without incurring a penalty or tax on it, since it's just going back to my employer?
February 11th, 2023
Randall S. answered
The excess contribution to your HSA is technically your money, but you need to return the $1000 to y...
February 11th, 2023
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