Highlighting News, Trends and Best Practices in Employee Benefits

Legal Brief - Internal Revenue Service (IRS) Increases Health Flexible Savings (FSA) Contribution Limit for 2018

Posted by Ironwood Benefits Advisory & Consulting Services on Nov 17, 2017 3:48:49 PM

Beginning in 2018, the Internal Revenue Service (IRS) increased the Health Flexible Savings (FSA) contribution limit. In Revenue Procedure 2017-58, released in October, the salary reduction contribution limit has been raised by $50, resulting in a total of $2,650 for 2018.

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Topics: benefits, IRS, Contributions, Tax Savings, FSA, 2018, Legal Brief