Topics:
September 22, 2021
Customers who want advice about their taxes, including advice about what is allowed through HSA contributions, should consult a tax professional. According to the IRS, when a customer enrolls in a high-deductible health plan and opens an HSA on the first day of the last month of the tax year (December 1 for most taxpayers), they can contribute the total allowable amount for that year.
To take advantage of the tax savings, however, they must:
Note: A Silver level HSA plan may or may not allow the customer to contribute to an HSA account if the CSR lowers the customer’s deductible too far. Deductibles must be at least $1,400 for an individual and $2,800 for a family to be allowed to contribute to an HSA for 2022.
We’d be happy to have your join our team of independent agents.
JOIN NOW