Page 15 - GXO 2022 OE Guide-Active
P. 15
Triple tax advantages
1
2 3
HSA HCFSA
Pre-tax contributions
Your contributions to the account are made on a pre-tax basis. Contributions can be made up to the 2022 IRS limits shown here.
Individual:$3,650 Employee + One or More:$7,300
Age 55 or Over: + $1,000
$2,750
Tax-free earnings
All earnings on the money in your account grow tax-free.
Tax-free withdrawals
When you use the money to pay for qualified medical expenses, the withdrawals are tax-free.
Accounts I 13