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What is the maximum HSA contribution for 2022?

Published September 22, 2024

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Short answer: Yes—HSAs offer tax-deductible contributions, tax-free growth, and tax-free withdrawals for eligible medical expenses, with 2022 contribution limits set by the IRS.

2022 HSA contribution limits set by IRS

Health Savings Accounts (HSAs) are a valuable tool for managing medical expenses while saving on taxes. For 2022, the maximum HSA contribution limits have been set by the IRS.

The maximum HSA contribution for 2022 is $3,650 for individuals with self-only coverage and $7,300 for those with family coverage.

It's important to note that individuals aged 55 and older are eligible to make an additional 'catch-up' contribution of $1,000 per year.

For 2022, Health Savings Accounts (HSAs) provide an incredible way to set aside money for healthcare needs while receiving substantial tax benefits. The contribution limits have been established by the IRS, allowing individuals with self-only coverage to contribute up to $3,650, while those with family coverage can contribute up to $7,300.

Tax advantages and key contribution reminders

Contributions to an HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free for eligible medical expenses.

Here are some key points to keep in mind about HSA contributions for 2022:

  • The maximum HSA contribution limits for 2022 are $3,650 for self-only coverage and $7,300 for family coverage.
  • Individuals aged 55 and older can make an additional 'catch-up' contribution of $1,000 per year.
  • HSA contributions are tax-deductible, grow tax-free, and can be withdrawn tax-free for qualified medical expenses.

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