Irs 2023 Flexible Spending Maximums
On october 18th, the irs announced a slew of inflation adjustments for 2023, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. The health care (standard or limited) fsa rollover maximum limit will increase from $570 to $610 for plan years beginning on or after january 1, 2023. The 2023 medical fsa contribution limit will be $3,050 per year, which is a $200 increase from 2022. 18 that employees may contribute up to $3,050 to flexible spending accounts in 2023.
Employers can allow employees to carry over $610 from their medical fsa. The contribution maximums for 2023 are: The 2023 limit for employee salary reduction contributions to health flexible spending accounts increases by $200 to $3,050. Health flexible spending accounts (health fsas) • the payroll deduction contribution limit for 2023 plan years is $3,050 (an increase of $200).