Learning Center / IRS Guidelines & Eligible Expenses

IRS Guidelines, Contribution Limits And Eligible Expenses

 

The IRS sets limits each year for maximum contributions to each type of account-based benefit. Use this information as a reference, but please visit IRS.gov for the latest updates.

Health Savings Account (HSA) – IRS Limits

2021

  2017 IRS HSA Limits 2018 IRS HSA Limits
Maximum Contribution Limit $3,600 $7,200
Minimum Deductible $1,400 $2,800
Maximum
Out-of-Pocket
$7,000 $14,000
Catch-up Contribution (55+) $1,000 $1,000

2022

 
Maximum Contribution Limit $3,650 $7,300
Minimum Deductible $1,400 $2,800
Maximum
Out-of-Pocket
$7,050 $14,100
Catch-up Contribution (55+) $1,000 $1,000

Flexible Spending Account (FSA) - IRS Limits

2021 Maximum Contribution:

$2,750

Maximum Carryover Amount:

$550

Dependent Care Flexible Spending Account (DCFSA) - IRS Limits

2021 Maximum Contribution:

$2,500

If Filing Taxes Jointly, Maximum Contribution:
$5,000

Commuter Benefits -
IRS Limits

2021 Parking & Transit:

$270

Per Month / Per Each Benefit



 

IRS-Qualified Medical Expenses

You can pay for a wide range of IRS-qualified medical expenses with your HSA, including many that aren't typically covered by health insurance plans. This includes deductibles, co-insurance, prescriptions, dental and vision care, and more. For a complete list of IRS-qualified medical expenses visit irs.gov or view a list of qualifying examples.

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