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… Continue reading IRS Announces the 2022 Tax-Exclusion Limits for FSA’s, Commuter Benefits and QSEHRA’s
Tag: Commuter
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… Continue reading IRS Releases 2021 Contribution Limits for FSA and Commuter Accounts