State Tax Information

While Health Savings Accounts 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

* starting in 2011

Eligible HSA Contributions Are Taxed by These States
(Consult your financial advisor or State Department of Revenue for more information.)

 


No 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 OptumHealth 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.