On October 19, 2017 the Internal Revenue Service (IRS) announced the annual inflation adjustments for tax provisions including the dollar limitation on employee salary reductions for contributions to health flexible spending accounts.
Employees can now put more income into their health care flexible spending accounts in 2018, when the health FSA contribution limit increases $50 to $2,650. Dependent care FSA max contributions will remain $5000 and parking and transit limits for 2018 will increase to $260. Please contact your account manager if you would like to increase your contribution for 2018.
Details can be found in the IRS publication: Revenue Procedure 2017-58.
For a full list of all contribution limits for FSA, dependent care, transit and HSA, please visit our Benefits Limits Page.