Anh Le photo
Anh Le CPA logo

Anh Le, CPA, CGMA, EA, MBA

 

12400 Olive Blvd, Suite 320

Creve Coeur, MO 63141

 

Phone:  314-624-0350

Fax:      314-624-0351

 

Email: anh@anhlecpa.com

Website: www.lecpafirm.com

2022 Tax Planning Guide

Health Savings Accounts

Table, HSA and HDHP


Some limits increased for Health Savings Accounts (HSAs) and their companion High-Deductible Health Plans (HDHPs).


HDHPs now cover remote health care services and costs of COVID-19 related testing and treatment before the annual deductible is met.


Also, HSAs now cover menstrual care products and over-the counter products and medications.


HSAs are triple tax-advantaged with tax-deferred contributions, tax-free potential earnings, and tax-free withdrawals for qualified medical expenses, and you can roll over any balance to the next year. Nonqualified withdrawals incur a tax penalty, but that disappears at age 65, when you can take withdrawals for any reason (just pay income tax on the nonqualified amount).


SUBSCRIBE

Enter your Name and Email address to get
the newsletter delivered to your inbox.

Please include name of person that directed you to my online tax guide so I can thank them personally.


CONTACT US

Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

Anh Le, CPA and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.