Here are the new contribution limits for the health savings account for 2022
Americans will be able to put more money into health savings accounts next year.
Individuals with self-insurance coverage can save up to $ 3,650 in an HSA in 2022, the IRS said on Monday. Family protection can save $ 7,300.
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HSAs are tax-privileged accounts available to individuals enrolled on a high-deductible health insurance plan.
These contribution limits are an increase of $ 50 and $ 100, respectively, for auto insurance and family insurance, compared to the HSA maximums of 2021. The IRS raised the limits to account for inflation.