It’s the beginning of a new year but if you haven’t contributed the full amount to your HSA for 2021, you still have time to do so. 

If you are still enrolled in an HSA-qualified high deductible health insurance plan and meet all other eligibility requirements to contribute to your health savings account, you have until the 2022 federal income tax filing deadline in which to deposit the maximum contribution amount for 2021.

Have you deposited more in your health savings account in 2021 than the IRS allows? 

Will you be assessed a penalty if you leave the excess contribution in your HSA? 

How can you correct an excess contribution? 

Steve found himself in this position on January 8th of this new year. Click on below to read more.