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)
This $470 was contributed on April 2021, and it was withdraw on June 2021.
I did not buy any stock, ETF, fund or bond in my old employer's HSA account.
The interest rate of the cash position in the HSA account is pretty low. So
no earning on this $470.
Now my W2 statement from my old employer says my HSA contribution at TMI is
$2270. {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 form 8889
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contributions) included on line 14a that were withdrawn by the due date of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.
I still need to pay the federal, state, social security, and medicare tax
for this $470 refund. I plan to report this $470 refund as miscellaneous
income on form 1040 schedule 1 line 8e.
That is all I need to do.
Whether my understand is correct?
Thank you very much! |
|
