In their 2018 inflation adjustments, the IRS has announced an increase to the contribution limits for the following pre-tax benefit accounts:
- +$50 for Healthcare FSA’s annual contribution limit—total of $2,650/yr
- +$5 for Transit Account’s monthly max—total of $260/mo
- +$5 for Parking Account’s monthly max—total of $260/mo
All other pre-tax benefit accounts’ contribution limits remain unchanged.
Click here for the complete details on the 2018 Inflation Adjustments.
Click here to track all current IRS benefits limits (TASC website).