Idaho Medical Savings


With an Idaho Medical Savings Account (MSA), taxpayers can deduct contributions up to $10,000 ($20,000 on a married filing joint return) from their Idaho tax return when these funds are used to pay qualified medical expenses. *Note: No one individual can claim more than $10,000 in MSA/MCA deductions per year.

Benefits:

  • Tax deductible savings account
  • Use funds to pay qualified medical expenses
  • Dividends are paid quarterly
    For more information see this webpage prepared by the Idaho State Tax Commission or contact Taxpayer Services by phone or email to discuss your specific tax situation.
Call 208-656-1000 to open an Idaho Medical Savings Account today.

Savings Accounts

Effective as of February 26, 2017.
Subject to change at anytime without notice.

Account Deposit Rate
Pocket Change Account 3.00%*
Regular Savings 0.15%*
Dedicated Savings 0.20%*
Unlimited Transaction Savings 0.05%*
Money Market Share
$0-2,499
$2,500-4,999
$5,000-24,999
$25,000-49,999
$50,000+
 
0.10%*
0.10%*
0.15%*
0.20%*
0.20%*
Idaho Medical Savings 0.20%*
Bridal Registry See New Accts Rep*
Escrow Savings 0.05%*
Missionary Savings Account 3.00%*
IRA Savings 0.20%*
Coverdell Education Savings Account (CESA) .20%*

Related Products & Services: