IRS HSA Limits for 2022

IRS HSA Limits for 2022

The IRS announced the new limits for Health Savings Accounts (HSAs) are going up $50 for individual coverage and $100 for family coverage, bringing them to $3,650 and $7,300, respectively. The catch-up contribution limit for those over age 55 will remain $1,000. Each...
IRS Updates Limits for 2021

IRS Updates Limits for 2021

The IRS Released Revenue Procedure 2020-45 late last night announcing the limits for 2021. Most limits for tax-advantaged accounts remained the same for the upcoming year. The HSA Limits and HDHP Limits were announced earlier this year in Revenue Procedure 2020-32....