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
Eligible HSA contributions are taxed by these states Consult your financial advisor or state department of revenue for more information.
States without state income taxes – eligible HSA contributions are not taxed
HSA earnings (but not eligible contributions) are taxed by these states Consult your financial advisor or state department of revenue for more information.
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.