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
2022 |
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|---|---|---|
 |
 |
|
| 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 |
2023 |
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|---|---|---|
|
|
|
| Maximum Contribution Limit | $3,850 | $7,750 |
| Minimum Deductible | $1,500 | $3,000 |
| Maximum Out-of-Pocket |
$7,500 | $15,000 |
| Catch-up Contribution (55+) | $1,000 | $1,000 |
Flexible Spending Account (HC-FSA and LP-FSA) - IRS Limits
2021 Maximum Contribution:
$2,750 Maximum Carryover Amount: $5502022 Maximum Contribution:
$2,850 Maximum Carryover Amount: $570
Dependent Care Flexible Spending Account (DC-FSA) - IRS Limits
2021 Maximum Contribution:
$2,5002022 Maximum Contribution:
$2,500If Filing Taxes Jointly, Maximum Contribution:
$5,000
Commuter Benefits -
Parking and Transit -
IRS Limits
2021 Maximum Contribution:
$270Per Month / Per Each Benefit
2022 Maximum Contribution:
$280Per 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.