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:
- Health savings account (HSA) limits are typically 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.
Use this information as a reference, but please visit IRS.gov for the latest updates.