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jmiller584
New Member

Our HSA generates interest. Is this interest deductible?

 
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MargaretL
Employee Tax Expert

Our HSA generates interest. Is this interest deductible?

No, there is no deduction for HSA earned interest. The good news is - it is not taxable either. One of the benefits of HSA is that the interest and other earnings in the account are tax free. 

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MargaretL
Employee Tax Expert

Our HSA generates interest. Is this interest deductible?

No, there is no deduction for HSA earned interest. The good news is - it is not taxable either. One of the benefits of HSA is that the interest and other earnings in the account are tax free. 

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