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IRS Releases 2023 Limits

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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.

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