IRS Releases 2022 Limits

IRS Announces 2022 Limits

Per IRS Revenue Procedure 2021-45, the 2022 limits for accounts will be:

The 2022 FSA contribution limit is $2,850

The 2022 Commuter Benefits contribution limit is $280 per month.

The amounts for 2022 as compared to 2021 are as follows:

	Taxable Years Beginning in 2022	Taxable Years Beginning in 2021
Limit on voluntary employee salary reduction contributions to a health flexible spending arrangement (Section 3.16 of Rev. Proc. 2021-45)	$2,850	$2,750
Maximum carryover amount of unused FSA amounts (Section 3.16 of Rev. Proc.2021-45	$570	$550
Monthly limit on fringe benefit exclusion for transit and parking (Section 3.17 of Rev. Proc. 2021-45)	$280	$270
Maximum exclusion for qualified adoption expenses furnished pursuant to an adoption assistance program (Section 3.19 of Rev. Proc. 2021-45)	$14,890	$14,300
Maximum reimbursement from a qualified small employer health reimbursement arrangement (QSEHRA) (Section 3.62 of Rev. Proc. 2021-45)	$5,450 ($11,500 for family coverage)	$5,250 ($10,600 for family coverage)
Maximum contribution limit for employees contributing to a 401(k), 403(b) or 457 plan (Notice 2021-61)	$20,500	$19,500

The amounts for HSAs for 2022 as compared to 2021 are as follows:

	2021 Rev. Proc. 2020-32	2022 Rev. Proc. 2021-25
Annual limitation on deductions to an HSA – self-only coverage	$3,600	$3,650
Annual limitation on deductions to an HSA – family coverage	$7,200	$7,300
HDHP – self-only coverage · Annual deductible not less than: · Annual out-of-pocket expenses do not exceed:	$1,400	$1,400*
	$7,000	$7,050
HDHP – family coverage · Annual deductible not less than: · Annual out-of-pocket expenses do not exceed:	$2,800	$2,800*
	$14,000	$14,100

*No change in 2022

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