Max allowed: $4,150
Results Summary
Contribution Allowed
$4,150
Total Estimated Tax Savings
$1,229
Effective Cost After Savings
59%
Out-of-Pocket Cost
$1,771
Savings Breakdown
Federal Tax Savings
$720
FICA Tax Savings (7.65%)
$230
State Tax Savings
$279
Total Contribution
$3,000
State Tax Rate
9.30%
Contribution Allowed
$4,150
HSA Calculator FAQs
Frequently Asked Questions
What is the annual HSA contribution limit?
For 2026, the annual limit is $4,150 for Self coverage, $8,300 for Family coverage, and an additional $1,000 catch-up contribution if you are age 55 or older.
How does an HSA reduce my taxes?
Contributions are made pre-tax or deductible, reducing your federal taxable income, lowering FICA taxes, and often reducing state income tax as well.
Can I contribute more if I am over 55?
Yes, if you are age 55 or older you can add a catch-up contribution of up to $1,000 on top of the regular HSA limit.
What expenses are allowed from an HSA?
Qualified medical expenses, including prescriptions, doctor visits, dental, vision, and some over-the-counter health products, can be paid tax-free from an HSA.
Does my state always allow the same HSA tax treatment as federal rules?
Most states follow federal HSA treatment, but a few states may tax contributions or earnings differently. Use the state selector to estimate savings for your location.