Rev. Proc. 2021-25: HSA inflation-adjusted amounts for 2022

The IRS released inflation-adjusted amounts for health savings accounts for calendar year 2022.

IRS released inflation-adjusted amounts for health savings accounts for calendar year 2022

The IRS today released an advance version of Rev. Proc. 2021-25 that provides the inflation-adjusted amounts for health savings accounts (HSAs) for calendar year 2022.

Rev. Proc. 2021-25 [PDF 66 KB] provides the annual limitation on deductions under section 223(b)(2)(A) and (B), respectively, for:

  • An individual with self-only coverage under a high deductible plan—$3,650 (an increase from $3,600 for 2021) 
  • An individual with family coverage under a high deductible plan—$7,300 (an increase from $7,200 for 2021) 

For calendar year 2022, a “high deductible health plan” is defined under section 223(c)(2)(A) as a health plan:

  • With an annual deductible that is not less than $1,400 for self-only coverage or $2,800 for family coverage, and
  • For which the sum of the annual deductible plus annual out-of-pocket expenses—such as co-payments or other amounts, but not premiums—does not exceed $7,050 for self-only coverage (an increase from $7,000 for 2020) or $14,100 for family coverage (an increase from $14,000 for 2020).

Read TaxNewsFlash for the HSA amounts adjusted for inflation for 2021.

 

 

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