stethoscope on paper printed Health Savings Account (Photo: utah51/AdobeStock)

The 2022 tax season is officially underway and now is the time for Americans to increase their health savings by maximizing their Health Savings Account (HSA) contributions. Employers play an important role in helping their employees understand how to maximize their tax savings through their HSA.

This tax season once again follows a challenging year – with natural disasters and the ongoing COVID-19 pandemic impacting Americans. However, unlike in 2021, there is no country-wide tax filing deadline extension. Instead, the filing deadline is back to “normal” for most Americans and taxes are due Monday, April 18 (because April 15 falls on a Friday).

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