IRS Announces 2023 FSA & Commuter Contributions Limits

October 21, 2022 | FSA Industry News Quick Alerts

IRS Announces 2023 FSA & Commuter Contributions Limits

The IRS has announced Revenue Procedure 2022-38 which includes the 2023 contribution limits for Health FSAs and Commuter benefits. These changes will take place for plan years that begin on or after January 1, 2023. For employers who currently allow the FSA maximum, OCA will automatically be increasing the new FSA maximum to reflect the increase. 

Click the button below to access 2023 Open Enrollment Material

2023 Limit Increases 

 Benefit Type20232022Change
Health FSA Limit*
*The limit also applies to limited-purpose FSAs
$3,050  $2,850 + $200 Annually
 Health FSA Carryover Amount $610 $570 + $40 Annually
Dependent Care Account Limit $5,000 $5,000 No Change
Monthly Transit Account Limit $300  $280 + $20 per month
Monthly  Parking Account Limit  $300  $280 + $20 per month