EXCESS CONTRIBUTION PENALTY. An excise tax of six percent (6%) is imposed upon any excess contribution you make to your HSA. This tax will apply each year in which an excess remains in your HSA. An excess contribution is any contribution amount which exceeds your contribution limit, excluding rollover and direct transfer amounts.
Appears in 9 contracts
Samples: Health Savings Account Custodial Agreement, Custodial Agreement and Disclosure Statement, Custodial Agreement
