HSA Calculator
Calculate your Health Savings Account growth and tax savings. Project HSA balance based on contributions, investment returns, and healthcare expenses.
Step 1: HSA Contributions
Understanding HSA Contributions
HSA contributions are tax-deductible, grow tax-free, and withdrawals for qualified medical expenses are tax-free. Annual limits are $3,650 for individuals and $7,300 for families (2023).
Step 2: Investment & Expenses
HSA Triple Tax Advantage
1. Contributions are tax-deductible
2. Growth is tax-free
3. Withdrawals for qualified medical expenses are tax-free
HSA Projection Results
Projected HSA Balance at Retirement
HSA Investment Strategy Comparison
| Investment Strategy | Growth Rate | Projected Balance | Tax Savings |
|---|
HSA Tax Benefits Breakdown
HSA Growth Formula
Future Value = PV × (1 + r)^n + C × [(1 + r)^n – 1] / r
Where PV = present value of current HSA, r = annual growth rate, n = number of years, C = annual contribution. This calculates compound growth over time with tax advantages.
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