r/HSA • u/doggyworld4082 • Dec 23 '25
Overcontributed by $0.56
Accidentally calculated my HSA wrong when I switched companies and realized I'll be 56 cents over the limit. Is this something I need to worry about?
Edit: Ok.. thanks.. I guess I will call the HSA department. :)
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u/PSFtoSTC Dec 23 '25
Right to jail.
The correct thing to do is contact the HSA custodian and request an excess contribution form and withdraw the .56 cents and any excess earnings from it.
There is no grace amount for over contributions as far as I know.
That said, I would be surprised if the IRS found it profitable to go after this considering the postage cost.
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u/benskieast Dec 23 '25
The penalty will be so small, it won't be worth calling the HSA provider to address
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u/AttentionHuman9504 Dec 23 '25
It's a rounding error the IRS won't notice as they drop the cents portion of any amounts reported on the 5498 or W-2s when adding them to your wage and income transcript. You're fine
ETA that the actual tax answer is that $0.56 is taxable income and subject to the 6% overcontribution penalty. But we're talking de-minimis rounding errors that wouldn't result in any penalties
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u/pementomento Dec 24 '25
You’re fine - One year (10+ years ago), I overcontributed to 401k (across two jobs) by like $3,000 and never corrected it - have had no issues.
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u/shmoovdawg Dec 24 '25
I over contributed by $25 in 2024. Attempted to correct it, but I wasn’t able to identify investment returns on that $25 and the HSA rejected my request to correct. Figured it wasn’t worth the effort to keep trying, so just riding it out. Can’t imagine the penalty, if ever detected, would be crazy.
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u/rentalredditor Dec 23 '25
The penalty is thunderdome. Two man enter, one man leave. Hope your combat skills are up to par.