2023 Contribution Limit For Flexible Spending Accounts (FSA)

The IRS announced that the maximum FSA contribution limit for 2023 will be $3,050, an increase of $200 from 2022.

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 respective employers, they are each eligible to contribute up to the $3,050 maximum into their respective FSA.

Also effective January 1, 2023:

  • Dependent Care FSA limits remain $5,000 for married couples filing jointly and head of household
  • Dependent Care FSA limit remains $2,500 for a married couple filing separately
  • The FSA Carryover limit for plans that allow it is increasing from $570 to $610
  • The Adoption Assistance limit is increasing from $14,890 to $15,950
  • The maximum monthly pre-tax Commuter Benefit limit for qualified mass transit and parking is increasing from $280 to $300

There is no requirement to increase Medical FSA or Adoption Assistance limits.  Employers must initiate a change.  By contrast, mass transit, parking, and HSA limits will be updated automatically for elections intended on or after January 1, 2023.

More information can be found at: