If you contributed more than the IRS annual limit to your HSA, you can correct the excess by withdrawing the extra amount before the tax filing deadline for that year (typically April 15). Removing the excess before the deadline helps you avoid penalties and additional taxes.
If you have contributed over your limit, please contact Lively Support at support@livelyme.com as soon as possible to discuss your options.
Please consult a qualified tax professional for guidance specific to your situation. Lively does not provide tax or legal advice.
Source: IRS Notice 2020-23 Q&A 28
Updated: