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New 2022 Benefit Limits Announced

We’ve been anxiously waiting for the IRS to release the FSA Limit for 2022, and last week, on November 10, the IRS finally released inflation adjustments for over 60 tax provisions. We’ve recapped a few of the changes here for you, along with some limits that will remain the same for 2022.

Here’s what’s changing in 2022:

 

2021

2022

FSA Limit

$2,750

$2,850*

Transit and Parking Limit

$270

$280

HSA

$3,600

$3,650

Qualified Small Employer HRA (QSEHRA)

Employee Only: $5,300

Employee Only: $5,450

Family: $10,700

Family: $11,050

*This increase means plans with rollovers can allow $570 to roll over into the following year.

Here’s what’s staying the same:

  • Dependent Care will stay the same at $5,000.
  • Expected Benefit HRA contribution limits will remain at $1,800

For the HSA and DCAP limit changes for 2022, read our HSA & DCAP Changes for 2022 blog.

The IRS has also provided some highlights of their own in this article on their website. If you have any questions about these changes and how they may affect your employee benefits, please contact us. We are happy to help!