Tax Savings

Tax Savings Calculator

Calculate your Tax Savings

This calculator allows you to estimate your federal income tax savings based on your HSA or FSA contributions.

First, we need to know a little bit about your tax situation.

Please answer the questions below.

Which account type are you enrolled in?

HSA FSA

What is your federal filing status?

Single Married Filing Separately Married Filing Jointly Head of Household

What year are you filing for?

2024 2023

What was your taxable income?

In which state do you live? *

Next, we'll need to know some information about your situation.

Learn how electronic payment adoption rates can reduce your overall costs.

What is your health insurance coverage type?

Single Family

Will you be 55 or older at year end?

Yes, I will be 55 or older No, I will be younger than 55

How much have you decided to put into your account this year?

Back Submit

We've calculated your estimated federal and state income tax savings

See below

Your Effective Tax Rate* %
Your Contribution Amount
Your Annual Savings

Adjust your contribution with the slider below to see how much more you can save.

*For illustrative purposes only. Savings calculations are based on a state tax rate of 5% (where there is no flat tax or absence of income tax), 7.65% FICA, and a federal tax rate based on your income.

Balance calculations assume an average interest rate of 3%. Actual results may vary.