IRS Releases 2021 Contribution Limits for FSA and Commuter Accounts
The IRS has released Revenue Procedure 2020-45 announcing contribution limits for 2021.
There are no changes to flexible spending account (FSA) and commuter benefits contribution limits for 2021.
Medical FSA Contribution amounts will remain $2,750 and Dependent Care (married filing jointly) will remain at $5,000.
Commuter monthly contribution amount for both parking and transit will remain at $270.
For a complete list, please visit our Contribution Limit Page.