As part of our dedication to keeping our customers up to date, here is a highlight of IRS changes to plan limits for 2022. For a complete list of changes, please see Revenue Procedure 2021-45.
Health Flexible Spending Accounts (Includes limited-purpose FSAs) | 2022 | 2021 | Change |
Maximum salary deferral contribution | $2,850 | $2,750 | +100 |
Maximum carryover amount *The Consolidated Appropriations Act, 2021, allowed unlimited carryovers of health FSA balances into the next plan year for plan year 2021. | $570 | $550 (as indexed, but carryover of full unused balance allowed)* | +20 |
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