Here’s What’s Changed For The 2022 Tax Season
- By
Julia Austin
A Change In Personal Health Savings Accounts
Source: designer491 / Getty
Taxpayers who pay for some or all of their own healthcare will notice some changes for the 2022 year. For starters, the limitation for the employee salary reduction for contributions to a flex health savings account has increased from $2,750 to $2,850.
Minimum deductibles for self-only medical coverage have increased by $50 since 2021, and are now at $2,450 for individuals. Meanwhile, the new maximum deductible for individuals is at $3,700, up $100 from 2022. For families, the new minimum deductible is $4,950 and the new maximum is $7,400.
The out-of-pocket maximum is up as well, now at $4,950 for individuals and $9,050 for families.
Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN
