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Home/Tools/Health & Fitness/HSA Savings Calculator/For Self-Employed

HSA Savings Calculator for Self-Employed & Freelancers

See the triple tax advantage of a Health Savings Account by calculating your annual tax savings on contributions, tax-free growth on investments, and tax-free withdrawals for medical expenses. This calculator projects your HSA balance over time with compound investment growth and shows total lifetime tax savings. Tailored with tips and guidance for Calculators optimized for self-employed individuals, freelancers, and gig workers..

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Self-EmployedTips for Self-Employed & Freelancers

  • 1You pay both employee and employer portions of FICA — 15.3% total (12.4% SS + 2.9% Medicare)
  • 2Estimated quarterly tax payments are due Apr 15, Jun 15, Sep 15, Jan 15
  • 3The qualified business income (QBI) deduction can save up to 20% on pass-through income
  • 4Track all business expenses — home office, equipment, software, and mileage are deductible
  • 5Consider a SEP-IRA (up to $69,000 in 2024) or Solo 401(k) for retirement savings
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About HSA Savings Calculator for Self-Employed & Freelancers

This hsa savings calculator is specifically designed for Calculators optimized for self-employed individuals, freelancers, and gig workers.. Whether you're just getting started or looking to optimize your financial strategy, this calculator provides the insights you need to make informed decisions.

Why Self-Employed & Freelancers Need This Calculator

Self-Employed & Freelancers face unique financial considerations that generic calculators don't address. Use the tips above alongside this hsa savings calculator to get a complete picture of your financial situation. The calculator is completely free, runs instantly in your browser, and never stores your personal data.

← View HSA Savings Calculator (general version)

HSA Savings Calculator for Other Groups

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2024 max: $4,150 (individual) / $8,300 (family)

Tip: Pay out-of-pocket now and let HSA grow. Withdraw tax-free later.