I was having my employer automatically take money from my paycheck and depositing that into my HSA at Fidelity. For several weeks after our benefits reset they quit automatically contributing and didn't know how to fix it. So I started contributing on my own from my checking account. Then they started taking it out of my paycheck again, but now I will contribute too much for the year. I asked HR if they can change the amount or stop putting money into my HSA from my paycheck, but they said they won't be able to change it until the benefits renewal comes around again mid next year.
I turned off the auto investing in the HSA and I'm hoping that since it won't be invested I can just remove the extra funds my employer contributes. Would this be acceptable as an easy fix? How often can I withdraw from the account, or should I just do it once near the end of the year after my last paycheck? Do I need to talk to Fidelity about the situation? If I take out the money without investing it will I have to modify anything on my tax return next year (If so, can I do that using Turbo Tax)?
I turned off the auto investing in the HSA and I'm hoping that since it won't be invested I can just remove the extra funds my employer contributes. Would this be acceptable as an easy fix? How often can I withdraw from the account, or should I just do it once near the end of the year after my last paycheck? Do I need to talk to Fidelity about the situation? If I take out the money without investing it will I have to modify anything on my tax return next year (If so, can I do that using Turbo Tax)?
Statistics: Posted by passive101 — Fri Oct 11, 2024 10:10 pm — Replies 0 — Views 54