Health Savings Accounts offer 100% deductions on Federal income tax for any deposits made to the account.

For your 2019 taxes, the maximum contribution is $3,500 for individuals or $7,000 for families, and the HSA-qualified health insurance plan deductible.  A self-employed individual contributing to his or her own HSA takes the deduction directly on the 1040 as an adjustment to gross income, and does not take the deduction on Schedule C.  State deductions differ by state – please see our State Income Tax page for more information on individual state regulations.

 

Individual Taxpayers

If Taxable Income is Between: The Tax Due Is:
0-$9,700 10% of taxable income
$9,701 - $39,475 $970 + 12% of the amount over $9,700
$39,476 - $84, 200 $4,543 + 22% of the amount over $39,475
$84,201 - $160,725 $14,382.50 + 24% of the amount over $84,200
$160,726 - $204,100 $32,748.50 + 32% of the amount over $160,725
$204,101 - $510,300 $46,628.50 + 35% of the amount over $204,100
$510,301 + $153,798.50 + 37% of the amount over $510,300
 

Head of Household

If Taxable Income is Between: The Tax Due Is:
0 - $13,850 10% of taxable income
$13,851 - $52,850 $1,385 + 12% of the amount over $13,850
$52,851 - $84,200 $6,065 + 22% of the amount over $52,850
$84,201 - $160,700 $12,962 + 24% of the amount over $84,200
$160,701 - $204,100 $31,322 + 32% of the amount over $160,700
$204,101 - $510,300 $45,210 + 35% of the amount over $204,100
$510,301 + $152,380 + 37% of the amount over $510,300
 

Married Individuals Filing Joint Returns and Surviving Spouses

If Taxable Income is Between: The Tax Due Is:
0 - $19,400 10% of taxable income
$19,401 - $78,950 $1,940 + 12% of the amount over $19,400
$78,951 - $168,400 $9,086 + 22% of the amount over $78,950
$168,401 - $321,450 $28,765 + 24% of the amount over $168,400
$321,451 - $408,200 $65,497 + 32% of the amount over $321,450
$408,201 - $612,350 $93,257 + 35% of the amount over $408,200
$612,351 + $164,709.50 + 37% of the amount over $612,350
 

Married Filing Separately

If Taxable Income is Between: The Tax Due Is:
0 - $9,700 10% of taxable income
$9,701 - $39,475 $970 + 12% of the amount over $9,700
$39,476 - $84,200 $4,543 + 22% of the amount over $39,475
$84,201 - $160,725 $14,382.50 + 24% of the amount over $84,200
$160,726 - $204,100 $32,748.50 + 32% of the amount over $160,725
$204,101 - $306,175 $46,628.50 + 35% of the amount over $204,100
$306,176 + $82,354.75 + 37% of the amount over $306,175
 

Disclaimer: HSA for America and its affiliates are not engaged in rendering tax, investment or legal advice.  The information on this page may have inaccuracies, and federal and state tax regulations are subject to change.  If tax, investment or legal advice is required, seek the services of a licensed professional.

HSA for America
749 S. Lemay Ave, Suite A3-116
Fort Collins, CO 80524
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Disclaimer: All information on this website is relayed to the best of the Company's ability, but does not guarantee accuracy. Information may be out of date. The content provided on this site is intended for informational purposes only and does not guarantee price or coverage. This site is not intended as, and does not constitute, accounting, legal, tax, and/or other professional advice. Determination of actual price is subject to Carriers.