IRS
What you need to know
What happens if I contribute more than the IRS limit to my HSA in one year?
Any contributions in excess of the stated IRS limit for that year are subject to tax penalties. Any combination of employee, employer, and third-party contributions must not exceed the annual IRS limits. In order to avoid paying any penalties, the IRS will allow you to remove any excess funds and any earnings prior to the tax filing deadline, which usually falls on April 15th.
Coaches' Takeaway
Any excess over the stated IRS limit for the year is subject to tax penalties. But remember, you have time to remove the excess before the filing deadline!
Tools & Resources
CDHPCoach’s Storage Facility, where the Coach has organized and compiled a vast amount of tools and resources for you to access.
Library
Housed here are key components and information within the book, Bend the Healthcare Trend which was the impetus behind the CDHPCoach.
IRS
What you need to know