Tax Advantages of a Health Savings Account

Federally Qualified HSAs are tax-deductible, tax-deferred, and tax-free.

• Tax-deductible: Contributions to your HSA can be deducted from your gross income.
• Pre-tax: Contributions made to your HSA through payroll deductions.
• Tax-deferred: Your HSA money grows without being taxed.
• Tax-free: You can use your HSA money tax free for eligible medical expenses.

Over the life of your HSA, you can save thousands of dollars in taxes. Our future value calculator estimates your tax deferred growth, future value of your Health Savings Account, and estimated tax savings.

For more information on the current contribution limits click here.

These tax advantages occur at the federal level. To see if your state provides tax benefits for HSAs, please visit our state tax resources page or contact your state resource.