HSA Tax Savings Calculator™

Estimate how much you can save with an HSA

Your privacy is important to us, the information you input throughout this tool will not be shared with any third party.

Marital Status: If youre married and filing as an individual, then leave this as field as 'Single'
10%
Federal Tax Bracket
10%
State
2%
State Tax Bracket
2%
Years Until Retirement: Number of Years You Will Contribute to Your HSA Tax savings will be calculated over the number of years and using the initial annual contribution amount you entered
$0.00
Balance at Retirement
$0.00

Triple Tax Savings

$0.00

$0.00

$0.00

Quick Facts About an HSA

How much can I contribute?

The maximum amount you're allowed to contribute to an HSA in 2024 is $4,150 if you participate in the high deductible health plan (HDHP) as an individual, or $8,300 if you participate in the HDHP as two-person or a family. If you are an HSA holder age 55 or older, you may also contribute an extra $1,000 annually as a catch-up contribution. The minimum annual HDHP deductibles to qualify for HSA contribution eligibility for 2024 are $1,600 for individual coverage or $3,200 for two-person or family coverage. Please note that HSA contribution maximums are adjusted annually for inflation. If you're wondering how much you should contribute to your HSA, talk with a financial advisor and visit our HSA Future Value Calculator.

Who can contribute to an HSA?

If you are enrolled in a qualified High Deductible Health Plan (HDHP) with no other first dollar coverage, you are eligible to contribute to an HSA. Family members or employers can contribute to your FSA, as well. You must ensure that any contributions made do not exceed the annual limit.

What can I use an HSA for?

Everything at HSAstore.com! Additionally, you can use an HSA for various out-of-pocket expenses including those for your dependents, such as co-pays, deductibles, vision exams and dental care. For comprehensive details, visit our HSA Eligibility List. You can also save the money in your HSA for future medical costs.

For more information on HSA basics, check out our explainer: What is a Health Savings Account?