Entries by Sam Truax

2024 Employee Contribution and Benefit Limits

November 9, 2023 in , /by

The Internal Revenue Service (IRS) today announced the annual inflation adjustments to contribution and benefit limits for more than 60 tax provisions in 2024. The table below shows the contribution and benefit limits for certain plans in 2023 and 2024. HEALTH AND WELFARE PLAN LIMITS FSA  2023   2024 Health FSA salary reduction $3,050 ↑ […]

2023 Employee Contribution and Benefit Limits

October 19, 2022 in , /by

The Internal Revenue Service (IRS) on Tuesday announced the annual inflation adjustments to contribution and benefit limits for more than 60 tax provisions in 2023. The table below shows the contribution and benefit limits for certain plans in 2022 and 2023. HEALTH AND WELFARE PLAN LIMITS FSA  2022   2023 Health FSA salary reduction $2,850 […]