The IRS has announced that the maximum FSA contribution limit for 2017 will increase by $50 – from $2,550 to $2,600. This is the first increase to the limit in two years, and only the second increase since the limit was originally set at $2,500.

The FSA limit increase is effective for FSA plan years beginning on or after January 1, 2017.

The limit is based on the employee and not the household. If an employee and spouse both have access to their own FSA through their own respective employers, they are each eligible to contribute up to the $2,600 maximum into their respective FSA.

More information can be found at:

https://www.irs.gov/pub/irs-drop/rp-16-55.pdf