IRS Announces the 2022 Tax-Exclusion Limits for FSA’s, Commuter Benefits and QSEHRA’s

The IRS just released the 2022 contribution limits for FSAs, Commuter Benefits, QSEHRAs, and more. They also increased the FSA Rollover limit for 2022. The new limits are as follows: Health FSA Max election has increased from $2,750 to $2,850 Dependent Care Elections have remained at $5,000 The FSA Rollover Allowance has increased from $550…
Read more

IRS Releases 2021 Contribution Limits for FSA and Commuter Accounts

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…
Read more