October 19, 2022
2023 FSA and Commuter Contribution Limits Announced
The IRS has announced the 2023 contribution limits for flexible spending accounts (FSA), commuter benefits, and more. Here’s a look at what’s changing.
- Health FSA: $3,050 (Increased from $2,850). This also applies to limited-purpose FSAs.
- FSA Carryover: $610 (Increased from $570).
- Commuter (Parking and Transit): $300 per month (Increased from $280).
- Dependent Care: The annual limits will remain $5,000 for single taxpayers and married couples filing jointly or $2,500 for married people filing separately.
- Qualified Small Employer HRA: $5,850 for individuals and $11,800 for families.
- HSA (Announced previously): $3,850 for individuals and $7,750 for families.
Ameriflex clients who do not currently offer a carryover or would like more information about their options for the 2023 plan year can reach out to their Client Relationship Team for assistance.
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