IRS Releases 2023 Qualified Benefit Plan Limits

October 18, 2022

The IRS has announced the following new contribution limits for 2023: 
 
Flexible Spending Accounts

• Health Flexible Spending Account - $3,050 (increase of $200) 
• Flexible Spending Account Carryover Maximum - $610 (if applicable; increase of $40) 
• Dependent Care Account - $5,000 (no change) 
• Adoption Assistance - $15,950 (increase of $1,060) 

Commuter Benefit Accounts 

• Parking Benefit - $300 (increase of $20) 
• Transit Benefit - $300 (increase of $20) 

Additional details are included in IRS Revenue Procedure 2022-38.

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