IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans

No Comments

On October 18, 2022, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain account-based health and welfare plans

The maximum salary reduction limit for a health flexible spending account (Health FSA) increased to $3,050 for 2023 (from $2,850 in 2022), and the Health FSA carryover limit for plans that have adopted that feature increased to $610 for 2023 (from $570 in 2022).

 

 

 

 

 

 

 

 

HIDAYAT TV Official
www.hidayattv.uk

Previous Post
UK and U.S. Announce ‘Enhanced Partnership’ on Economic Sanctions
Next Post
Recent Federal Developments: EPA

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Menu
Cookie Consent with Real Cookie Banner