Each year, the Internal Revenue Service (IRS) sets limits associated with benefit plans and announces any adjustments to the previous year’s amounts. These announcements occur as follows:

– Affordable Care Act (ACA) limits and health savings account (HSA) limits are announced in the spring for the following calendar year.
– Flexible spending account (FSA) limits and other benefit plan limits are typically announced in the fall for the following calendar year.
– The medical mileage rate is typically announced in the final weeks of December.