Excess HSA contributions
6% penalty per year
Can You Write Off Excess HSA Contributions?
Short answer: Over-contributions cost 6% a year unless you withdraw the excess plus earnings by your filing deadline.
2026 HSA limits are $4,400 self-only and $8,750 family (plus $1,000 at 55+); withdrawals for qualified medical costs are tax-free.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
Excess HSA contributions
6% penalty per year
Individuals / Personal Taxes
Over-contributions cost 6% a year unless you withdraw the excess plus earnings by your filing deadline.
Business justification
Over-contributions cost 6% a year unless you withdraw the excess plus earnings by your filing deadline. 2026 HSA limits are $4,400 self-only and $8,750 family (plus $1,000 at 55+); withdrawals for qualified medical costs are tax-free.
Category
- Personal Tax Deductions