How Much Can I Contribute to My HSA in 2022?

When it comes to your Health Savings Account (HSA) contributions for 2022, there are certain limits to keep in mind. Understanding these limits is crucial to make the most out of your HSA benefits. For the year 2022, the contribution limits set by the IRS are as follows:

• Individual Coverage: $3,650
• Family Coverage: $7,300
• Additional Catch-up Contributions (Age 55 or older): $1,000

It's important to note that these contribution limits are updated annually by the IRS and may be subject to change in the future. Contributing to your HSA up to these limits can provide you with tax advantages and help you save for future healthcare expenses.

When planning your contributions to your Health Savings Account (HSA) for 2022, it's important to understand the specific limits that the IRS has in place. These limits help you maximize the benefits of your HSA. For individuals covered by a high-deductible health plan, the maximum contribution limit for 2022 stands at $3,650. Meanwhile, for those with family coverage, the limit increases significantly to $7,300. Furthermore, if you're aged 55 or older, you can make an additional catch-up contribution of $1,000.