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.