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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been recently reviewed or revised by the author and may be out of date.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
