?>
Administrative Services

2023 IRS Contribution Limits

The IRS just released 2023 contribution limits for HSAs, FSAs, commuter benefits, adoption assistance, QSEHRAs, and more.

This article was updated October 24, 2022 9:24 am

The new 2023 limits are:

FSA (medical, limited, and combination FSAs) $3,050 per year
FSA carryover $610 per year
Commuter benefits $300 per month
Adoption assistance $15,950 per year
QSEHRA Single $5,850, Family $11,800 per year
HSA (previously announced) Single $3,850, Family $7,750 per year
Minimum deductible for qualifying HDHP Single $1,500, Family $3,000 per year
Maximum out-of-pocket expenses for HDHP Single $7,500, Family $15,000

 

To recap the changes from previous years:

  • 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.