m***e
发帖数: 331 | 1 I changed employer last June.
My first 6 month HSA contribution at the old employer's payroll is $2270,
higher than the $1800 contribution limit for 6 months. Before I resigned on
June 2021, I requested a HSA contribution reverse of $470. This $470 was
refund to my bank account, I need to pay tax. (federal, state, social
security, and medicare tax)
Now my W2 statement from my old employer says my HSA contribution at TMI is
$2269. {LessCafe 125 HSA (W-Box 12)}
Should I contact the old employer to correct the HSA contribution amount to
$1800?
I contributed another $1800 into my HSA account at my new employer in the
2nd half year of 2021.
In May 2021, I use my HSA debit card to pay the $30 copay of my new pair of
glasses.
In August 2021, I rollover my old employer's HSA account into the new
employer's HSA account. The amount is $1770.($1800 contribution - $30 copay
spending)
I searched online. It seems I need to fill both form 8889 and 5329.
I am not sure how to fill these 2 forms.
form 8889 line 14a Total distributions you received in 2021 from all HSAs, I
plan to enter $1770 rollover + $470 refund + $30 spending.
line 14b Distributions included on line 14a that you rolled over to another
HSA. Also include any excess contributions (and the earnings on those excess
contributions) included on line 14a that were withdrawn by the due date of
your return. I plan to enter $1770 rollover + $470 refund.
line 14c = line 14a - line 14b, $30 spending.
line 15 qualified medical expense, $30 spending.
line 16 Taxable HSA distributions. Subtract line 15 from line 14c, $0.
I do not need to pay tax on form 8889.
form 5329 line 47 Excess contributions for 2021, Total excess contributions.
I plan to enter $470 refund
line 48 Total excess contributions. Add lines 46 and 47. I plan to enter $
470 refund
line 49 Additional tax. Enter 6% (0.06) of the smaller of line 48 or the
value of your HSAs on December 31, 2021 (including 2021 contributions made
in 2022)
Here I pay 6% additional tax of my $470 refund (I think this 6% is social
security + medicare tax)
I still need to pay the federal and state income tax for this $470 refund. I
plan to report this $470 refund as miscellaneous income on form 1040
schedule 1 line 8z.
Whether my understand is correct?
Thank you very much! | f*******n
发帖数: 12623 | 2 如果due date之前拿出来的就不算excess contribution，不用交6% penalty | m***e
发帖数: 331 | 3 谢谢，看来我不需要填写Form 5329了。
请问我需要联系老雇主HR更改W2上 HSA贡献栏，改回1800美元吗？
【在 f*******n 的大作中提到】
: 如果due date之前拿出来的就不算excess contribution，不用交6% penalty
| p********f
发帖数: 41 | 4 不要改W2，Turbotax会把excess HSA contribution算到taxable income里。
【在 m***e 的大作中提到】
: 谢谢，看来我不需要填写Form 5329了。
: 请问我需要联系老雇主HR更改W2上 HSA贡献栏，改回1800美元吗？
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