State Tax Information


While health savings accounts (HSAs) were created by the federal government, states can choose to follow the federal tax treatment guidelines or establish their own.

Eligible HSA contributions are not taxed by these states

Arizona
Arkansas
Colorado
Connecticut
Delaware
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
Utah
Virginia
Vermont
West Virginia
Wisconsin

Eligible HSA contributions are taxed by these states
Consult your financial advisor or state department of revenue for more information.

Alabama California New Jersey

States without state income taxes – eligible HSA contributions are not taxed

Alaska
Florida
New Hampshire
Nevada
South Dakota
Tennessee 
Texas
Washington
Wyoming

HSA earnings (but not eligible contributions) are taxed by these states
Consult your financial advisor or state department of revenue for more information.

New Hampshire Tennessee



Health savings accounts (HSAs) are individual accounts offered by Optum BankSM, Member FDIC, and are subject to eligibility and restrictions, including but not limited to restrictions on distributions for qualified medical expenses set forth in section 213(d) of the Internal Revenue Code. This communication is not intended as legal or tax advice. Please contact a competent legal or tax professional for personal advice on eligibility, tax treatment, and restrictions. Federal and state laws and regulations are subject to change.

 

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