Every year, I contribute the maximum to my HSA on my first pay check. Midway through this year, I moved to a company that made monthly employer contributions - putting me over the limit.
My options are:
- Pay 25 dollars, plus tax on ~350 dollars of over-contribution to take the excess out.
- Pay a 6% excise tax on ~350 dollars that amount.
I'm currently getting much better than 6% returns on my HSA investments. Are there any negatives to just paying the tax and leaving the money in there?
Submitted January 04, 2017 at 10:48AM by notonlynotless http://ift.tt/2iaHx1M
