FHSA Calculator 2026
Project your First Home Savings Account growth and tax savings. Contribute up to $8,000/year (lifetime max $40,000) and get a full income tax deduction — plus tax-free growth and withdrawal.
Your Information
Used to calculate your remaining room
Your account's current market value — used as the starting point for projections
Maximum $8,000/year, $40,000 lifetime
Your FHSA Contribution Room
Total Room Accumulated
$32,000
Unused Carry-Forward
$8,000
max $8,000
Max You Can Contribute This Year
$16,000
Remaining Lifetime Room
$40,000
Projected Value
$45,097
Total Tax Savings
$11,860
Future Contributions
$40,000
Your Marginal Rate
29.65%
on $90,000 income
Projection Summary
| Future contributions | $40,000 |
| Tax savings (29.65% marginal rate) | $11,860 |
| After-tax cost of future contributions | $28,140 |
| Tax-free investment growth | $5,097 |
| Projected value at withdrawal | $45,097 |
Year-by-Year Growth
| Year | Contribution | Tax Saving | Balance |
|---|---|---|---|
| 1 | $8,000 | $2,372 | $8,000 |
| 2 | $8,000 | $2,372 | $16,480 |
| 3 | $8,000 | $2,372 | $25,469 |
| 4 | $8,000 | $2,372 | $34,997 |
| 5 | $8,000 | $2,372 | $45,097 |
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