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Some positive news. The 2022 contribution limits for health savings accounts (HSAs) have been increased. This year, the maximum HSA contribution limits have been set at $3,650 for an individual and $7,300 for family coverage. People who qualify to make HSA contributions can lower their current-year tax bill. The more money you contribute to an HSA, the bigger your tax break. But not everyone qualifies to contribute. Check out the latest rules and qualifiers.

The IRS was kind enough to move the traditional tax deadline from April 15 to Monday, May 17, granting a bit of a reprieve for getting your financial affairs in order. Many physicians choose to handle their taxes themselves despite a good CPA paying for him/herself in the deductions and tax-savings strategies that they find for you. If you decide to go this route, here are some things you should be asking.