I left Microsoft some time back, and would like to withdraw the HSA contributions made in 2016-18. I'm okay paying taxes, penalties whatever on it. Planning to return to India soon. What's the way to do this?
Roll out over to say Fidelity HSA and let it stay there... Unless you see in stores need of it..I would guess it has somewhere between 10-20k.. It can be used for medical expenses after you retire and it will be tax free
Guys I already left Microsoft, can someone tell me who's the HSA provider and what's the support number to call?
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It’s a stupid thing to do, the penalty is 20% plus income tax on the distribution. Just transfer the money out of the account, if you really want to do it. 🍆
How do you do this? I want to get whatever is possible from that HSA, that's all...
Log in to your account, request to reimburse yourself. When you file your taxes declare that it was not used for medical expenses and pay the 20% penalty plus income taxes.