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HSA contribution calculator

PLEASE READ CAREFULLY: The information provided by these calculators is intended for illustrative purposes only. The figures generated are estimates and may not pertain to your individual situation. Be sure to consult a financial professional before making savings decisions.

Please select the year you would like to calculate:

Step 1:

Determine the maximum amount the IRS allows you to contribute towards your HSA this year


2024

Maximum contribution allowed

Step 2

Determine how much you can still contribute this year

Your contributions must be less than or equal to the maximum amount the IRS allows

You can still contribute up to

Step 3

Determine your payroll deduction requirement

*Must be less than or equal to the remaining contribution amount in step 2

Amount deducted per pay period

Tax Savings

Your estimated tax savings for the year

Note: Based on a 30% tax bracket. Results may vary.

For more comprehensive tax savings information, visit our Future Balance calculator.

Total tax savings

Step 1:

Determine the maximum amount the IRS allows you to contribute towards your HSA for next year


2025

Maximum contribution allowed

Step 2

Determine how much you want to contribute for this next year

Your contributions must be less than or equal to the maximum amount the IRS allows

You can still contribute up to

Tax Savings

Your estimated tax savings for the next year

Note: Based on a 30% tax bracket. Results may vary.

For more comprehensive tax savings information, visit our Future Balance calculator.

Total tax savings

Proration calculator

Use this handy tool to calculate prorated contributions easily!

HSA proration calculator

  Under 55  55+

  Individual  Family
 

 or 

Note: If a member is eligible on family and individual plans for different parts of the year…

  1. calculate each prorated amount individually
  2. add the 2 answers together

A note about Medicare- If you enroll in Medicare at some point during the year, then HSA contributions must be prorated. Use the same proration formula above for the number of months before your Medicare enrollment. Every situation can be unique so if you require counseling surrounding HSAs and Medicare, please consult a tax professional.

Note:  The IRS considers you eligible for the entire month as long as you were covered on the first day of the month. (Example: If you only had QHDHP coverage on January 1st, you would still be qualified to contribute for all of January.)