The IRS released the 2018 pre-tax limits for Mass Transit, Parking, Medical FSA and Adoption Assistance. The limits are effective for plan years that begin on/or after January 1, 2018.
2018 Mass Transit and Parking
Maximum Election: $260 / month (up from $255 / month in 2017)
2018 Medical FSA
Maximum Annual Limit: $2,650 (up from $2,600 in 2017)
2018 Adoption Assistance
Maximum Annual Limit: $13,810 (up from $13,570 in 2017)
IRS Rev. Proc. 2017-58 sets these and other inflation adjusted limits. HSA Limits were released earlier this year and can be found here.
If you have a Medical FSA and/or Adoption Assistance plan year that begins January 1, 2018 and would like to increase your tax-free limits, please contact your assigned Client Operations Specialist.
Participants may contact Participant Services at 1-800-473-9595, Monday-Friday, 8am to 8pm with any questions.
