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.