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HSA documentation One situation especially ripe for occurrence of an HSA error: when an employer’s payroll system calculates the HSA contribution based on 24 payroll periods when the employee actually has 26.

The IRS recently published an information letter from 2015 that appears to allow fairly significant leeway in correcting mistaken health savings account (“HSA”) contributions. While the new guidance appears helpful upon first review, employers with HSAs should proceed with caution when considering correcting mistaken HSA contributions.

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