As it does each year, the IRS has announced changes for health savings accounts, which are associated with high-deductible health plans.

The figures for 2022:

  • Self-only: $3,650 (a $50 increase from 2021).
  • Family: $7,300 (a $100 increase from 2021).

According to the Society for Human Resource Management, the government bases its decision on the Consumer Price Index for All Urban Consumers for the 12-month period ending on March 31.

The IRS has made a similar adjustment to maximum out-of-pocket amounts:

  • Self-only: $7,050 (a $50 increase from 2021).
  • Family: $14,100 (a $100 increase from 2021).

The catch-up contribution amount for those 55 and older is not automatically adjusted and remains at $1,000. Also remaining the same are minimum deductibles:

  • Self-only: $1,400.
  • Family: $2,800.

More information is available in IRS Rev. Proc. 2021-25.

 

Image of Flowers Rieger, Tucson CPA Firm, Tax Blogs, Business Tax Preparation, www.flowersrieger.com, Filing Taxes for the DeceasedFlowers Rieger & Associates, PLLC
www.flowersrieger.com
6125 E. Grant Road
Tucson, AZ 85712
(520) 327-8706
michael@flowersrieger.com
tim@flowersrieger.com