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.

HSA Contributions Are Not Taxed by These States

 
Arizona Iowa Missouri Pennsylvania
Arkansas Kansas Montana Rhode Island
Colorado Kentucky Nebraska South Carolina
Connecticut Louisiana New Mexico Utah
Delaware Maine New York Virginia
Georgia Maryland North Carolina Vermont
Hawaii Massachusetts North Dakota West Virginia
Idaho Michigan Ohio Wisconsin (starting 2011 tax year)
Illinois Minnesota Oklahoma
Indiana Mississippi Oregon

 

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

Alabama California New Jersey

 

No State Income Taxes - HSA Contributions Are Not Taxed

Alaska Nevada Texas
Florida South Dakota Washington
New Hampshire Tennessee Wyoming

 

HSA Earnings (but not Contributions) Are Taxed by These States
(Consult your financial advisor or State Department of Revenue for more information.)

New Hampshire Tennessee

Health savings accounts (HSAs) are individual accounts offered by Optum 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. State taxes may apply. 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.