What is the tax treatment of an eligible individual's HSA contributions?

Individuals can contribute to an HSA two ways:

  1. “Post-tax” contributions are deductible on the accountholder’s individual income tax return at the end of the tax year.
  2. “Pre-tax” contributions are contributed to an HSA before income taxes are withheld, so the tax savings is in real time with each contribution.

The combination of all pre-tax and post-tax contributions is subject to the maximum contribution limit for the HSA accountholder.

Introducing UMB HSA Saver

UMB HSA Saver is a unique investment platform designed with ease in mind. Account holders can easily research, buy and sell funds with a couple clicks.

How to Use ReceiptVault

HSAs are available to help pay for current qualified medical expenses as well as to save for future expenses, all in a tax-exempt account.

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The UMB HSA empowers you with robust analytics, reporting tools and the communication support you'd expect from a top 10 HSA custodian