In most cases, the answer is yes. As of February 2017, here are a list of caveats: 1. HSA contributions are taxed by Alabama, California, and New Jersey. 2. These states don’t have state income taxes so the state tax benefit is not applicable: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. 3. These states tax any HSA earnings (e.g., investment gains, interest earned), but not HSA contributions: New Hampshire and Tennessee.
Articles in this section
- What is an HSA?
- How Does an HSA Work?
- What are the benefits of an HSA?
- What are the requirements of an HSA? Am I eligible?
- What designates a qualifying High Deductible Health Plan?
- Do I have to get an HSA if I am on a High Deductible Health Plan?
- How does money get into my HSA account?
- How can I get an HSA?
- If I have a family, can I still have an HSA?
- Can I have a joint-HSA with my spouse?