IRS Releases 2022 Qualified Benefit Plan Limits

November 10, 2021

In IRS Notice 2021-45, the IRS announced the following new qualified benefit contribution limits for 2022:

Flexible Spending Accounts

  • Healthcare Flexible Spending Account - $2,850 (increase of $100) 
  • Flexible Spending Account Carryover Maximum - $570 (if applicable; increase of $20) 
  • Dependent Daycare Account - $5,000 (no change) 
  • Adoption Assistance - $14,890 (increase of $450) 

Commuter Benefit Accounts 

  • Parking Benefit - $280 (increase of $10) 
  • Transit Benefit - $280 (increase of $10) 

Previously in May 2021 in IRS Notice 2021-25, the IRS announced the following HSA limits for 2022:

Health Savings Accounts

Maximum Contribution Amount

  • Individual - $3,650 (increase of $50)   
  • Family - $7,300 (increase of $100)   
  • Catch-up (age 55+) - $1,000 (no increase) 

Maximum Out-of-Pocket Expense Limit

  • Individual - $7,050 (increase of $50)   
  • Family - $14,100 (increase of $100) 

Minimum Health Plan Deductible Limit

  • Individual - $1,400 (no change)   
  • Family - $2,800 (no change) 

Find these and historical qualified benefit plan limits in this handy reference guide.