IRS UPDATE: 2023 CONTRIBUTION LIMITS
On October 18, 2022, the IRS released the 2023 Health FSA / Limited Purpose FSA and Commuter Benefits maximum contribution limits.
There are no changes to dependent care flexible spending account (DC FSA) limits for 2023. The contribution limit will remain at $5,000.
For Health FSA plans that permit the carryover of unused amounts, the maximum carryover amount for 2023 is $610, an increase of $40 from the original 2022 carryover limit.
| Contribution Limits 2022 | Contribution Limits 2023 |
|---|---|
| Medical FSA Annual Contribution Limits | Medical FSA Annual Contribution Limits |
| $2,850 | $3,050 |
| Commuter Benefits Monthly Contribution Limits | Commuter Benefits Monthly Contribution Limits |
| $280 | $300 |
| Qualified Small Employer Health Reimbursement Arrangement | Qualified Small Employer Health Reimbursement Arrangement |
|
Self only - $5,450 Family -$11,050 |
Self only - $5,850 Family - $11,800 |
Click here for the IRS Release - Rev. Proc. 2022-38
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