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PSA: fucking California fucking taxes your fucking HSA capital gains.


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2024 Apr 14, 3:59pm   235 views  6 comments

by Hugh_Mongous   ➕follow (0)   💰tip   ignore  

Discovered it today. Motherfucking motherfuck.

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1   Hugh_Mongous   2024 Apr 14, 4:03pm  

What's funny is that HSA provider doesn't even send you a tax form - you need to calculate that shit yourself. Which begs the question: do they report any of it to CA tax board? I suspect they don't.
2   Booger   2024 Apr 14, 4:10pm  

I think NJ does it as well.
3   DOGEWontAmountToShit   2024 Apr 14, 5:35pm  

Gets better.

They also tax your refund. At least they did my 2022 refund.
4   clambo   2024 Apr 14, 5:58pm  

If you are no longer working and you stay in California, you might be nuts or very rich or a public employee on a pension.
5   Hugh_Mongous   2024 Apr 14, 8:23pm  

UkraineIsTotallyFucked says

Gets better.

They also tax your refund. At least they did my 2022 refund.


Everybody does that. But taxing HSA is whole new kind of evil.
6   WookieMan   2024 Apr 14, 8:31pm  

Hugh_Mongous says

UkraineIsTotallyFucked says


Gets better.

They also tax your refund. At least they did my 2022 refund.


Everybody does that. But taxing HSA is whole new kind of evil.

Yeah, that's not the case everywhere else, at least that I've heard of. Wouldn't doubt CA doing that. It's not taxed federally still, but if you are still making decent money that could be upwards of 13% depending how they tax it.

It's only gonna get worse for you guys out there as people leave. I'd get out now if you own. Renting you might do okay as values drop. I know Mell you like Napa area, I just don't see anyone in CA doing all that well the next 5 years IF the are planning on moving. It will level out, but if you're moving in the next two years I'd be on the market yesterday.

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