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IRS Announces 2020 Healthcare FSA, Transit & Parking Limits

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The IRS released Rev. Proc. 2019-44 which set new limits for Healthcare FSA, Transit and Parking for 2020:

  • Healthcare FSA annual limit increased from $2,700 to $2,750
  • Transit monthly limit increased from $265 to $270
  • Parking monthly limit increased from $265 to $270

 

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