Over Contribution to HSA, Going for Simplest Recovery
Long story*, but I ended up with $8,200 added to my HSA this year. The tax software just added a little tax at the end of the 1040...$39 or something. I'm being lazy and just asking here first, in case someone already encountered this.
Is the best (only) thing to do is just pay that little extra tax? Will it be over and done with, or will that haunt me later. By that I mean will I ever have to think of it again, ever? Seens like it would haunt me. So is there a way to just take it out, or is it too late?
I funded my HSA with $7,500. I figured I was $50 under the 55+ limit.
But megacorp roped everyone out of one plan type, and for 2014 we had a new (crummy) plan, so they threw us a bone: gave us a few bucks to spend on healthcare. Mine was $700. I mailed a few receipts and the $700 was gone.
But now I see that the $700 counts as part of my HSA contributions. At least the tax software put it in there.