The IRS released the 2022 contribution limits for Mass Transit, Parking, Medical FSA, and Adoption Assistance in Revenue Procedure 2021-45. The limits are effective for plan years that begin on or after January 1, 2022.
2022 CONTRIBUTION LIMIT: MASS TRANSIT AND PARKING
Maximum Election: $280 / month (up from $270 / month in 2021)
2022 CONTRIBUTION LIMIT: MEDICAL FSA
Maximum Annual Limit: $2,850 (up from $2,750 in 2021)
Maximum Rollover Limit: $570
2022 CONTRIBUTION LIMIT: ADOPTION ASSISTANCE
Maximum Credit: $14,890 (up from $14,440 in 2021)
Click here to see the 2022 HSA Limits released earlier this year.
The IRS allowed a temporary increase in the Dependent Care FSA plan maximum from $5,000 (single or married filing jointly) to $10,500 for the 2021 tax year with ARPA. Since the limit was temporary, the limit is reduced back to $5,000.
Would you like to adjust your tax-free limits for your Medical FSA and/or Adoption Assistance for your plan year beginning January 1, 2022?
NOTE: There is no requirement to increase Medical FSA or Adoption Assistance limits. Employers must initiate a change. By contrast, mass transit, parking, and HSA limits will be updated automatically for elections intended on or after January 1, 2022.
Employees currently enrolled in a plan may contact Participant Services at 1-800-473-9595, Monday-Friday, 8am to 8pm with any questions regarding 2022 pre-tax limits.
Looking to information on current limits? Find it here:
Tammy Barber says
Thank you for this information. Can you confirm the 2022 Dependent Care limit?
Thank you
Matt Heimbuck (Benefit Resource) says
Dear Tammy,
Thank you for your inquiry. The limit is back to 5000 for the 2021 plan year.
Best,
Gail Warchol says
Please confirm the new max for FSA in 2022 is 2850.00 .
What is the max doe dependent FSA, is it still 5000.00 for 2022?
Matt Heimbuck (Benefit Resource) says
Dear Gail,
Thank you for your correspondence. Those are both correct. The dca pre tax limit is 5000 and the medical fsa limit is 2850.
Best,