HSA IRS Limit and changing HSA Amounts
SummaryHSA IRS limit
Currently, our HSA deduction does not take into account the IRS max contribution limit and does not recalculate the deduction amount when an employee changes their contribution limit.
We need Fusion to stop the deduction once an employee has hit the IRS max limit (family limit OR employee only limit). If possible, can that be achieved through a fast formula and is anyone have one they could share?
We would like Fusion to recognize the total year to date HSA contribution (EE/ER) and recalculate the deduction amount if an HSA contribution change is made. Is anyone doing this or are you just using an estimate and getting the deduction to stop by a fast formula??