The IRS has released the 2015 cost-of-living adjustments for a variety of tax-related limits.
Health FSA – Medical Out-of-Pocket
$2,550 (2015)
$2,500 (2014)
(We will update MyTASC soon to reflect the new limits.)
Parking
$250/month – (2014 and 2015 – no change)
Transit
$130/month – (2014 and 2015 – no change)
Social Security Taxable Wage – Base
$118,500 (2015)
$117,000 (2014)
Medical Mileage
2015 not released yet (usually released in December)
23.5 cents/mile (2014)
Highly Compensated Salary
$120,000 (2015)
$115,000 (2014)