You can increase your Flexible Spending Contribution…

Employees can sock away another $50 in their flexible spending accounts next year. The IRS announced that the annual contribution limit to FSAs will be $2,700 in 2019, up from the 2018 limit of $2,650. The increase also applies to limited-purpose FSAs that are restricted to dental and vision care services, which can be used in tandem with health savings …

HSA and FSA Limits for 2018 announced

FLEXIBLE SPENDING ARRANGEMENTS (FSAs)Salary Reduction Annual LimitEmployee contributions to employer-sponsored health flexible spending arrangements (FSAs) will increase to $2,650 (up $50 from 2017). 2015 2016 2017 2018 Salary Reduction Annual Limit $2,550 $2,550 $2,600 $2,650  HEALTH SAVINGS ACCOUNTS (HSAs)Annual Contribution LimitationSelf-only coverage under a high deductible health plan is $3,450 (up $50 from 2017). Family coverage under a high-deductible health …

IRS Announces 2018 Contribution Limits

Participant limits- 401(k), 403(b) plans-                                      $18,500 (from $18,000) Catch up for these plans, over age 50                                              $ 6,000 (no change) SIMPLE Participant Limit                                                                 $12,500 (no change) Annual Benefit Limit                                                                           $220,000 Defined Contribution Limit                                                                $55,000 (from $54,000) TopHeavy Key Employee                                                                    $175,000 Highly Compensated Employee                                                          $120,000 IRA Limit                                                                                                 $5,500 (unchanged) IRA Catchup                                                                                             $1,000