Yesterday, the IRS released Rev. Proc. 2022-38 announcing the annual inflation adjustments for 2023, including limits for the following benefit accounts:
- Healthcare FSA annual contribution limit: $3,050 (+$200)
- Healthcare FSA carryover limit: $610 (+$40)
- Transit Account monthly maximum: $300 (+$20)
- Parking Account monthly maximum: $300 (+$20)
The Dependent Care FSA contribution limit remains unchanged at $5,000 ($2,500 if married filing separately).
Keep track of all current IRS limits at www.tasconline.com.