IRS Announces 2022 FSA Limits

The IRS just released 2022 contribution limits for FSAs, commuter benefits, adoption assistance, QSEHRAs, and more. They also increased the FSA carryover limit for 2022.

JTS Compliance Department
November 12, 2021
2022 FSA Contribution Limits

2022 Medical FSA Contribution Limits

·     The 2022 Medical contribution will be $2,850 per year up $100 from last year.

·     The 2022 FSA carryover is $570 per year, which is up $20 from *2021

*COVID relief – Notice 2021-15 allowed for 100% Carryover for plan years 2020 &2021 - Reminder:  If your plan allowed for 100% rollover due to COVID Relief Notice 2021-15 – 2021 Plan year is the last year that you can allow for 100% rollover in Healthcare FSA & Dependent Care. 

2022 Dependent and/or Child Daycare Expenses

·     Maximum Annual Contribution Limit; married and filing jointly or single parent is $5,000

·     Maximum Annual Contribution Limit; married filing separate is $2,500

The 2022 cafeteria plan daycare contribution limit has been reduced back down to the $5,000 for a married couple filing a joint return, or for a single parent filing as “Head of Household.” For a married couple filing separate returns, the limit is $2,500 each.

If your plan was amended to increase the DCAP for 2021 - An employee who isn't able to use the entire amount available under a DCFSA in 2021 will have all of2022 to use amounts remaining from 2021 for reimbursement of eligible expenses incurred in 2022.

See 2022 HSA Contribution Limits