The IRS has announced the 2019 FSA, Transit and Parking limits with increases due to inflation in Revenue Procedure 2018-57.
- Healthcare FSA annual contribution limit increased to $2,700 from $2,650
- Transit monthly maximum increased to $265/mo. from $260/mo.
- Parking monthly maximum increased to $265/mo. from $260/mo.
The Dependent Care FSA limit remains unchanged at $5,000 per year (or $2,500 if the account holder is married and files separately).
For questions, please contact your B&P Sales Rep - 888.722.3373.