Have you handled a Health Savings Account on your Alabama/California/NJ state tax returns?
How can I avoid paying taxes on my savings account?
How to Avoid Tax on a Savings Account
- Invest your assets in a tax-deferred account(s), such as a traditional IRA or 401(k) to put off paying taxes until you withdraw the money in retirement.
- Keep your money in a tax-exempt account(s), such as a Roth IRA or a Roth 401(k).