The IRS announced the Flexible Spending Account, FSA, limits for 2022. The new benefit limits for FSAs of varying benefits are below. Please reach out to your Business Benefit team for any questions. Also, if you are interested in viewing the HSA limits for 2022, click here.
Flexible Spending Accounts:
Healthcare FSA: $2,850 (increasing $100)
FSA Carryover Maximum: $570 (increasing $20)
Dependent Daycare: $5,000
Adoption Assistance: $14,890 (increasing $450)
Commuter Benefit Accounts:
Parking Benefit: $280 (increase of $10)
Transit Benefit: $280 (increase of $10)