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Monday, 21 November 2022 01:00

IRS Increases 2023 Limits for Health FSA & Qualified Parking and Mass Transit

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The 2023 contribution limit for Healthcare Flexible Spending Accounts (FSAs) is increasing to $3,050, an increase of $200 from 2022. The maximum carryover amount that employers may implement also increases to $610 (20% of the contribution limit).

At the same time, the IRS increased the monthly limits for qualified parking and mass transit to $300 each, an increase of $20 from 2022.
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Read 206 times Last modified on Wednesday, 04 January 2023 15:59
Susan Shepard

Susan is our Operations Manager, directing many of our administrative functions and enabling our client management team to spend more time directly with their customers. Susan received a Bachelor of Science degree in Industrial Design from Arizona State University. Susan joined Fall River in 2015.

She is a native of Pennsylvania, but has lived in Texas, Germany, Arizona and California. An avid crafter, Susan loves scrapbooking, card making, knitting and crocheting, bicycling, golfing and reading, in addition to spending time with her husband and three grown children.