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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

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Health Savings Account taxes in California

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email asktony@tonynovak.com.

Q: I would like to know how California’s state compensation insurance fund handles HSA contributions in terms of payroll. Is the amount of the employer’s contribution to the employee considered wages for purposes of calculating the premium?

A: HSA contribution made by the employer are not wages and therefore are not subject to worker's compensation taxes. For further clarification, see the definition of wages under the state law. Most likely it refers to the definition used in federal income taxes with stated modifications. Federal tax law, in turn, does not include HSA contributions in definition of wages. For more information, see www.healthsavingsaccount-hsa.com.

Summary

More resources:

http://www.www.healthsavingsaccount-hsa.com