HSA Maxed Out!!!
We finally hit open enrollment and the first thing that we did is max out the HSA. 🥳
The maximum you can contribute to an HSA in 2022 is $3650 for an individual and $7300 for a family. The contribution includes what your employer gives you as well, if they give you anything. Just learned that this year since I was going to max it out. In total, that left us with contributing $6300 for the year. This increased the amount that we pay out every paycheck for insurance by about $270. Considering that this is pre-tax, this works out pretty well since commission income gets taxed to death.
Honestly, I am not sure why I didn’t do it before. I guess I was worried about knocking my lowest income checks, especially with PIC becoming a house-husband, but it’s looking like this will work out fine with us. 🙂
So, another goal down for 2022. Let’s keep it going. 😊
How are your goals this year going?
Feature Photo by Timo C. Dinger on Unsplash
High five!! I skipped the HSA this year because it was such a headache for us but part of me wishes I could do it again.
I kept it really simple this year: max the 401k and set a high brokerage investing goal (total new money invested in the year). If we can stay on track a few more months, we may get there before the end of the year.
Nice! You’ll definitely be able to make the goal. 🙂