IRS Announces 2023 FSA and Commuter Benefits Limits

 

Today, the IRS announced the 2023 limits for Healthcare Flexible Spending Accounts and Commuter Benefits. You can find more details in Revenue Procedure 2022-38. The IRS released HSA amounts earlier this year in Revenue Procedure 2022-24.

2023 Limits Announced

 

2023

2022

Difference

Healthcare Flexible Spending Account

$3,050

$2,850

+$200 per year

Maximum Healthcare FSA Carryover

$610

$570

+$40 Carryover

Monthly Maximum Mass Transit

$300

$280

+$20 per month

Monthly Maximum Parking

$300

$280

+$20 per month

HSA Contribution Limit

Self Only:

$3,850

 

Family:

$7,750

Self Only:

$3,650

 

Family:

$7,300

Self Only:

+$200

 

Family:

+$450

HSA Catch-up Contribution

(age 55 or older)

$1,000

$1,000

No change

HDHP Minimum Deductibles

Self-Only:

$1,500

 

Family:

$3,000

Self-Only:

$1,400

 

Family:

$2,800

Self Only:

+100

 

Family:

+200

HDHP Maximum-Out-Of-Pocket

Self-Only:

$7,500

 

Family:

$15,000

Self-Only:

$7,050

 

Family:

$14,100

Self-Only:

+$450

 

Family:

+$900