HSA Tax Triple Benefit Calculator
Contributions are pre-tax. Growth is tax-free. Withdrawals for medical are tax-free. See the Stealth IRA strategy and your total tax benefit vs investing in a taxable account.
Your HSA Profile
2024 contribution limits. You must be enrolled in a qualifying High-Deductible Health Plan (HDHP).
$1,230
$913 income tax + $317 FICA this year
$126,789
HSA ($419,453) vs taxable ($292,664) over 30 yrs
$0 tax
Qualified medical withdrawals are never taxed — unlike 401(k) or IRA distributions
HSA vs Taxable Account — 30-Year Comparison
Taxable account assumes after-tax contributions (22% tax drag) and 15% LTCG on gains. HSA growth is entirely tax-free.
The Stealth IRA Strategy
Instead of withdrawing from your HSA to pay $1,500/year in medical expenses, pay out of pocket and save your receipts. Your HSA balance compounds tax-free. There is no expiration on HSA reimbursements — reimburse yourself years later for a tax-free cash infusion in retirement.
Medical paid OOP
$45,000
over 30 yrs
HSA grows to
$151,610
vs spending immediately
Tax saved bonus
$33,354
from deferred withdrawal
Strategy Recommendation
You are on a strong HSA path. If your employer plan allows HSA investing (not just a savings account), move funds above your deductible into low-cost index funds to maximize tax-free growth.
2024 HDHP minimums (individual): $1600 deductible / $8050 out-of-pocket max
2024 HDHP minimums (family): $3200 deductible / $16100 out-of-pocket max
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