What could your HSA contribution save in taxes?
Estimate the federal, state, and payroll tax effect from the assumptions you enter, then explore a long-term illustration.
2026 max: $4,400 (self) / $8,750 (family)
Enter 0 for states with no income tax (TX, FL, etc.)
S&P 500 historical average: ~10%
$1,525
This model includes FICA savings and assumes the contribution is made through qualifying payroll deductions. State HSA treatment varies.
Total Tax Savings
$15,246
Investment Growth
+$16,792
Final HSA Value
$60,792
From $44,000 in contributions
With HSA
$60,792
Without HSA (Taxable)
$37,811
Modeled HSA advantage
+$22,981
The triple tax advantage, explained
1. Tax-Free Contributions
Contributions reduce your taxable income. If you contribute through payroll, you also skip FICA taxes.
2. Tax-Free Growth
Unlike taxable accounts, your investments grow without capital gains taxes eating into your returns.
3. Tax-Free Withdrawals
When you use funds for qualified medical expenses, you pay no taxes on the withdrawal.
Start tracking your expenses to maximize these savings
Every medical receipt you track is money you can reimburse tax-free. HSA Trackr makes it easy.
Start your shoebox free