IRS 2020 FSA contribution limits
The IRS announced an increase to flexible spending account (FSA) contribution limits for 2020.
Date posted: November 9, 2019
For the 2020 calendar year, an individual can contribute up to $2,750 to a health care FSA or limited purpose FSA (increase of $50 from 2019).
- If employers provide health care FSA contributions, this amount is in addition to the amount that employees can elect. Employees can elect up to the IRS limit and still receive the employer contribution in addition.
- If employers have adopted a $500 rollover for the health care FSA, any amount that rolls over into the new plan year does not affect the maximum limit that employees can contribute.
- Read the IRS announcement at irs.gov.