2023 medical FSA contribution limits (including limited and combination FSAs)
| 2022 | 2023 |
|---|---|
| $2,850 per year | $3,050 per year |
2023 medical FSA carryover
| 2022 | 2023 |
|---|---|
| $570 per year | $610 per year |
2023 commuter benefits contribution limits
| 2022 | 2023 |
|---|---|
| $280 per month | $300 per month |
2023 adoption assistance limits
| 2022 | 2023 |
|---|---|
| $14,890 per year | $15,950 per year |
The maximum amount that may be excluded from an employee’s gross income for the adoption of a special needs child through an adoption assistance program is $15,950. That amount is the same as what may be excluded from that employee’s gross income for expenses incurred by an employer for qualified adoption expenses within the program.
The available adoption credit begins to phase out for taxpayers with modified adjusted gross income in excess of $239,230 and is completely phased out for taxpayers with modified adjusted gross income of $279,230 or more.
2023 qualified small employer health reimbursement arrangement (QSEHRA) limits
| QSEHRA | 2022 | 2023 |
|---|---|---|
| Self-only | $5,450 per year | $5,850 per year |
| Family | $11,050 per year | $11,800 per year |
Previously announced
2023 health savings account (HSA) limits
2023 health savings account (HSA) limits
| HSA | 2022 | 2023 |
|---|---|---|
| Self-only | $3,650 per year | $3,850 per year |
| Family | $7,300 per year | $7,750 per year |
2023 HDHP amounts/limits
| HDHP (self-only coverage) | 2022 | 2023 |
|---|---|---|
| Minimum deductible: | $1,400 | $1,500 |
| Maximum out-of-pocket limit: | $7,050 | $7,500 |
| HDHP (family coverage) | 2022 | 2023 |
|---|---|---|
| Minimum deductible: | $2,800 | $3,000 |
| Maximum out-of-pocket limit: | $14,100 | $15,000 |
2023 401(k) limits
| 2022 | 2023 |
|---|---|
| $20,500 per year | $22,500 per year |
To recap:
- The 2023 medical FSA contribution limit will be $3,050 per year, which is a $200 increase from 2022.
- Employers can allow employees to carry over $610 from their medical FSA for taxable years beginning in 2023, which is a $40 increase from 2022.
- The monthly commuter benefits limit in 2023 for mass transit and parking is $300 per month.
- Employer contribution limits for QSEHRAs are $5,850 for self-only and $11,800 for families.
- 2023 HSA contribution limits were previously announced by the IRS. The HSA limit is $3,850 for an individual and $7,750 for family.
