I switched employers mid-year and thought I had done some excellent math determining how much I had already contributed to my HSA and how much I could contribute to my new employer’s HSA to ultimately max it out for the year. Turns out I might not be so good at math ![:oops:]( "D'oh")
I still need to double check but I think I might have overfunded my HSA (across both accounts) by a total of around $900. What’s confusing is that I closed account A in June and transferred the funds to account B. But only account B (current custodian) sent me a tax form confirming total contributions in 2023. Can I ask the old custodian for a tax form too? I’m relying on old pay stubs from my previous employer to do my current math and I might be wrong again! Much easier to have the official contribution amount from the HSA custodian.
If I did indeed over-contribute, what should I do now? Would the over contribution be attributed to account A or account B?! Will I receive a check from one of them, with taxes taken out? Help, I’m so lost and I really loathe taxes!
I still need to double check but I think I might have overfunded my HSA (across both accounts) by a total of around $900. What’s confusing is that I closed account A in June and transferred the funds to account B. But only account B (current custodian) sent me a tax form confirming total contributions in 2023. Can I ask the old custodian for a tax form too? I’m relying on old pay stubs from my previous employer to do my current math and I might be wrong again! Much easier to have the official contribution amount from the HSA custodian.
If I did indeed over-contribute, what should I do now? Would the over contribution be attributed to account A or account B?! Will I receive a check from one of them, with taxes taken out? Help, I’m so lost and I really loathe taxes!
Statistics: Posted by meadowrue — Sun Feb 11, 2024 11:08 pm — Replies 1 — Views 153