HSA worksheet

1. Your 2026 HSA limit: $7,291.67

1. Start with the 2026 limit for family coverage

   $\text{yearly limit}$$=\mathrm{\$8,750.00}$

2. You were covered 10 of 12 months, so you get 1/12 of the yearly limit for each month you had the plan on the 1st

   $\mathrm{\$8,750.00}\times \frac{10}{12}$$=\mathrm{\$7,291.67}$

3. You put in all the room you have left

   $\text{your contribution}$$=\mathrm{\$7,291.67}$

4. Money taken from pay for an HSA skips federal income tax, most state tax, and Social Security and Medicare. Add up those rates

   $\mathrm{18\%}+\mathrm{7.6\%}$$=\mathrm{25.6\%}$

5. Multiply your contribution by that rate to see the tax you save this year

   $\mathrm{\$7,291.67}\times \mathrm{25.6\%}$$=\mathrm{\$1,866.67}$

6. Each year the balance earns its return, then that year's deposit (yours plus your employer's) is added

   $\text{after year 1}$$=\mathrm{\$0.00}\times \left(1+0.04\right)+\mathrm{\$7,291.67}$$=\mathrm{\$7,291.67}$

7. Repeat for 9 years. Growth spent on qualified medical costs is never taxed

   $\text{balance after 9 years}$$=\mathrm{\$77,166.22}$

2. Your 2026 HSA limit: $8,020.83

1. Start with the 2026 limit for family coverage

   $\text{yearly limit}$$=\mathrm{\$8,750.00}$

2. You were covered 11 of 12 months, so you get 1/12 of the yearly limit for each month you had the plan on the 1st

   $\mathrm{\$8,750.00}\times \frac{11}{12}$$=\mathrm{\$8,020.83}$

3. You put in all the room you have left

   $\text{your contribution}$$=\mathrm{\$8,020.83}$

4. Money taken from pay for an HSA skips federal income tax, most state tax, and Social Security and Medicare. Add up those rates

   $\mathrm{16\%}+\mathrm{6.3\%}$$=\mathrm{22.3\%}$

5. Multiply your contribution by that rate to see the tax you save this year

   $\mathrm{\$8,020.83}\times \mathrm{22.3\%}$$=\mathrm{\$1,788.65}$

6. Each year the balance earns its return, then that year's deposit (yours plus your employer's) is added

   $\text{after year 1}$$=\mathrm{\$0.00}\times \left(1+0.05\right)+\mathrm{\$8,020.83}$$=\mathrm{\$8,020.83}$

7. Repeat for 11 years. Growth spent on qualified medical costs is never taxed

   $\text{balance after 11 years}$$=\mathrm{\$113,950.27}$

3. Your 2026 HSA limit: $7,291.67

1. Start with the 2026 limit for family coverage

   $\text{yearly limit}$$=\mathrm{\$8,750.00}$

2. You were covered 10 of 12 months, so you get 1/12 of the yearly limit for each month you had the plan on the 1st

   $\mathrm{\$8,750.00}\times \frac{10}{12}$$=\mathrm{\$7,291.67}$

3. You put in all the room you have left

   $\text{your contribution}$$=\mathrm{\$7,291.67}$

4. Money you put in yourself is deducted on your return, so it skips income tax but not Social Security and Medicare. Add up the rates

   $\mathrm{30\%}$$=\mathrm{30\%}$

5. Multiply your contribution by that rate to see the tax you save this year

   $\mathrm{\$7,291.67}\times \mathrm{30\%}$$=\mathrm{\$2,187.50}$

6. Each year the balance earns its return, then that year's deposit (yours plus your employer's) is added

   $\text{after year 1}$$=\mathrm{\$0.00}\times \left(1+0.05\right)+\mathrm{\$7,291.67}$$=\mathrm{\$7,291.67}$

7. Repeat for 11 years. Growth spent on qualified medical costs is never taxed

   $\text{balance after 11 years}$$=\mathrm{\$103,591.16}$

4. Your 2026 HSA limit: $4,400.00

1. Start with the 2026 limit for self-only coverage

   $\text{yearly limit}$$=\mathrm{\$4,400.00}$

2. You put in all the room you have left

   $\text{your contribution}$$=\mathrm{\$4,400.00}$

3. Money taken from pay for an HSA skips federal income tax, most state tax, and Social Security and Medicare. Add up those rates

   $\mathrm{22\%}+\mathrm{5\%}$$=\mathrm{27\%}$

4. Multiply your contribution by that rate to see the tax you save this year

   $\mathrm{\$4,400.00}\times \mathrm{27\%}$$=\mathrm{\$1,188.00}$

5. Each year the balance earns its return, then that year's deposit (yours plus your employer's) is added

   $\text{after year 1}$$=\mathrm{\$0.00}\times \left(1+0.05\right)+\mathrm{\$4,400.00}$$=\mathrm{\$4,400.00}$

6. Repeat for 9 years. Growth spent on qualified medical costs is never taxed

   $\text{balance after 9 years}$$=\mathrm{\$48,516.88}$

5. Your 2026 HSA limit: $5,104.17

1. Start with the 2026 limit for family coverage

   $\text{yearly limit}$$=\mathrm{\$8,750.00}$

2. You were covered 7 of 12 months, so you get 1/12 of the yearly limit for each month you had the plan on the 1st

   $\mathrm{\$8,750.00}\times \frac{7}{12}$$=\mathrm{\$5,104.17}$

3. You put in all the room you have left

   $\text{your contribution}$$=\mathrm{\$5,104.17}$

4. Money you put in yourself is deducted on your return, so it skips income tax but not Social Security and Medicare. Add up the rates

   $\mathrm{26\%}$$=\mathrm{26\%}$

5. Multiply your contribution by that rate to see the tax you save this year

   $\mathrm{\$5,104.17}\times \mathrm{26\%}$$=\mathrm{\$1,327.08}$

6. Each year the balance earns its return, then that year's deposit (yours plus your employer's) is added

   $\text{after year 1}$$=\mathrm{\$0.00}\times \left(1+0.03\right)+\mathrm{\$5,104.17}$$=\mathrm{\$5,104.17}$

7. Repeat for 12 years. Growth spent on qualified medical costs is never taxed

   $\text{balance after 12 years}$$=\mathrm{\$72,438.48}$

6. Your 2026 HSA limit: $8,750.00

1. Start with the 2026 limit for family coverage

   $\text{yearly limit}$$=\mathrm{\$8,750.00}$

2. You put in all the room you have left

   $\text{your contribution}$$=\mathrm{\$8,750.00}$

3. Money taken from pay for an HSA skips federal income tax, most state tax, and Social Security and Medicare. Add up those rates

   $\mathrm{16\%}+\mathrm{7.6\%}$$=\mathrm{23.6\%}$

4. Multiply your contribution by that rate to see the tax you save this year

   $\mathrm{\$8,750.00}\times \mathrm{23.6\%}$$=\mathrm{\$2,065.00}$

5. Each year the balance earns its return, then that year's deposit (yours plus your employer's) is added

   $\text{after year 1}$$=\mathrm{\$0.00}\times \left(1+0.05\right)+\mathrm{\$8,750.00}$$=\mathrm{\$8,750.00}$

6. Repeat for 9 years. Growth spent on qualified medical costs is never taxed

   $\text{balance after 9 years}$$=\mathrm{\$96,482.44}$

7. Your 2026 HSA limit: $8,020.83

1. Start with the 2026 limit for family coverage

   $\text{yearly limit}$$=\mathrm{\$8,750.00}$

2. You were covered 11 of 12 months, so you get 1/12 of the yearly limit for each month you had the plan on the 1st

   $\mathrm{\$8,750.00}\times \frac{11}{12}$$=\mathrm{\$8,020.83}$

3. You put in all the room you have left

   $\text{your contribution}$$=\mathrm{\$8,020.83}$

4. Money taken from pay for an HSA skips federal income tax, most state tax, and Social Security and Medicare. Add up those rates

   $\mathrm{23\%}+\mathrm{7.25\%}$$=\mathrm{30.25\%}$

5. Multiply your contribution by that rate to see the tax you save this year

   $\mathrm{\$8,020.83}\times \mathrm{30.25\%}$$=\mathrm{\$2,426.30}$

6. Each year the balance earns its return, then that year's deposit (yours plus your employer's) is added

   $\text{after year 1}$$=\mathrm{\$0.00}\times \left(1+0.04\right)+\mathrm{\$8,020.83}$$=\mathrm{\$8,020.83}$

7. Repeat for 12 years. Growth spent on qualified medical costs is never taxed

   $\text{balance after 12 years}$$=\mathrm{\$120,519.48}$

8. Your 2026 HSA limit: $6,562.50

1. Start with the 2026 limit for family coverage

   $\text{yearly limit}$$=\mathrm{\$8,750.00}$

2. You were covered 9 of 12 months, so you get 1/12 of the yearly limit for each month you had the plan on the 1st

   $\mathrm{\$8,750.00}\times \frac{9}{12}$$=\mathrm{\$6,562.50}$

3. You put in all the room you have left

   $\text{your contribution}$$=\mathrm{\$6,562.50}$

4. Money you put in yourself is deducted on your return, so it skips income tax but not Social Security and Medicare. Add up the rates

   $\mathrm{20\%}$$=\mathrm{20\%}$

5. Multiply your contribution by that rate to see the tax you save this year

   $\mathrm{\$6,562.50}\times \mathrm{20\%}$$=\mathrm{\$1,312.50}$

6. Each year the balance earns its return, then that year's deposit (yours plus your employer's) is added

   $\text{after year 1}$$=\mathrm{\$0.00}\times \left(1+0.04\right)+\mathrm{\$6,562.50}$$=\mathrm{\$6,562.50}$

7. Repeat for 11 years. Growth spent on qualified medical costs is never taxed

   $\text{balance after 11 years}$$=\mathrm{\$88,504.18}$

9. Your 2026 HSA limit: $7,291.67

1. Start with the 2026 limit for family coverage

   $\text{yearly limit}$$=\mathrm{\$8,750.00}$

2. You were covered 10 of 12 months, so you get 1/12 of the yearly limit for each month you had the plan on the 1st

   $\mathrm{\$8,750.00}\times \frac{10}{12}$$=\mathrm{\$7,291.67}$

3. You put in all the room you have left

   $\text{your contribution}$$=\mathrm{\$7,291.67}$

4. Money taken from pay for an HSA skips federal income tax, most state tax, and Social Security and Medicare. Add up those rates

   $\mathrm{25\%}+\mathrm{7.75\%}$$=\mathrm{32.75\%}$

5. Multiply your contribution by that rate to see the tax you save this year

   $\mathrm{\$7,291.67}\times \mathrm{32.75\%}$$=\mathrm{\$2,388.02}$

6. Each year the balance earns its return, then that year's deposit (yours plus your employer's) is added

   $\text{after year 1}$$=\mathrm{\$0.00}\times \left(1+0.05\right)+\mathrm{\$7,291.67}$$=\mathrm{\$7,291.67}$

7. Repeat for 9 years. Growth spent on qualified medical costs is never taxed

   $\text{balance after 9 years}$$=\mathrm{\$80,402.03}$

10. Your 2026 HSA limit: $8,750.00

1. Start with the 2026 limit for family coverage

   $\text{yearly limit}$$=\mathrm{\$8,750.00}$

2. You put in all the room you have left

   $\text{your contribution}$$=\mathrm{\$8,750.00}$

3. Money taken from pay for an HSA skips federal income tax, most state tax, and Social Security and Medicare. Add up those rates

   $\mathrm{15\%}+\mathrm{9\%}$$=\mathrm{24\%}$

4. Multiply your contribution by that rate to see the tax you save this year

   $\mathrm{\$8,750.00}\times \mathrm{24\%}$$=\mathrm{\$2,100.00}$

5. Each year the balance earns its return, then that year's deposit (yours plus your employer's) is added

   $\text{after year 1}$$=\mathrm{\$0.00}\times \left(1+0.05\right)+\mathrm{\$8,750.00}$$=\mathrm{\$8,750.00}$

6. Repeat for 11 years. Growth spent on qualified medical costs is never taxed

   $\text{balance after 11 years}$$=\mathrm{\$124,309.39}$