#Good news! The IRS has extended the tax deadline to April 18th! As long as you submit your federal return by midnight on 4/18/2018, you won't be considered a late filer for your federal return. Direct debit tax payments that are submitted with your federal return (or on the IRS website) by 4/18 are also considered timely filed ×

What are the tax benefits of an Archer MSA?

For the most part, Archer MSAs are treated the same as HSAs for tax purposes. For starters, you can get a tax deduction for contributions you make to your Archer MSA, even if you don’t itemize your deductions.

Also, interest and earnings you receive in your Archer MSA account grow tax free and distributions are tax free if they’re for qualified medical expenses.

Lastly, if your employer makes contributions to your Archer MSA on your behalf, those contributions aren’t included in your gross income for tax purposes. Just remember that you and your employer can’t make contributions to your Archer MSA in the same year.

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