Estimate the tax savings from a Health Savings Account contribution.
An HSA contribution is made pre-tax, avoiding both income and payroll tax on that amount. The saved taxes are the contribution times the combined marginal rates. The HSA's triple tax advantage makes it one of the most efficient ways to save for qualifying medical costs.
HSA Tax Savings
Tax saved = contribution x (tax rate + FICA rate)
Tax saved = contribution x (tax rate + FICA rate) An HSA contribution is made pre-tax, avoiding both income and payroll tax on that amount. The saved taxes are the contribution times the combined marginal rates.
The HSA's triple tax advantage makes it one of the most efficient ways to save for qualifying medical costs.
This calculator takes 3 inputs: Contribution, Marginal tax rate, FICA rate. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.