2019 Contribution Limit For Flexible Spending Accounts (FSA)
The IRS announced that the maximum FSA contribution limit for 2019 will increase by $50, from $2,650 to $2,700.
The FSA limit increase is effective for FSA plan years beginning on or after January 1, 2019.
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 $2,700 maximum into their respective FSA.
Also:
- The Adoption Assistance limit will increase from $13,840 in 2018 to $14,080 in 2019
- The maximum monthly pre-tax Commuter Benefit limit for mass transit and parking will increase from $260 in 2018 to $265 in 2019
More information can be found at: