personal finance

Here are the new health savings account contribution limits for 2022


Americans will be able to stash away more money in health savings accounts next year.

Individuals with self-only coverage will be able to save up to $3,650 in an HSA in 2022, the IRS announced Monday. Those with family coverage will be able to save $7,300.

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HSAs are tax-advantaged accounts available to individuals enrolled in a high-deductible health plan.

Those contribution limits are a $50 and $100 increase for self-only and family coverage, respectively, relative to the 2021 HSA maximums. The IRS raised the limits to account for inflation.



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