The IRS has released Revenue Procedure 2020-45 announcing contribution limits for 2021.

There are no changes to flexible spending account (FSA) and commuter benefits contribution limits for 2021.

Medical FSA Contribution amounts will remain $2,750 and Dependent Care (married filing jointly) will remain at $5,000.

Commuter monthly contribution amount for both parking and transit will remain at $270.

For a complete list, please visit our Contribution Limit Page.