Entries by Sam Truax
2024 Employee Contribution and Benefit Limits
The Internal Revenue Service (IRS) today announced the annual inflation adjustments to contribution and benefit limits for more than 60 tax provisions in 2024. The table below shows the contribution and benefit limits for certain plans in 2023 and 2024. HEALTH AND WELFARE PLAN LIMITS FSA 2023 2024 Health FSA salary reduction $3,050 ↑ […]
2023 Employee Contribution and Benefit Limits
The Internal Revenue Service (IRS) on Tuesday announced the annual inflation adjustments to contribution and benefit limits for more than 60 tax provisions in 2023. The table below shows the contribution and benefit limits for certain plans in 2022 and 2023. HEALTH AND WELFARE PLAN LIMITS FSA 2022 2023 Health FSA salary reduction $2,850 […]
