What are the contribution limits for FSAs?
Employees elect separate annual contribution amounts for Health Care or Limited Purpose FSA and Child & Elderly Care FSAs ( aka Dependent Care FSAs) up to the annual IRS limits. Those with a Child & Elderly Care FSA are subject to the limit defined by their federal filing status.
| Single or Married, Filing Jointly |
Married and Filing Separately | |
| Health Care / Limited Purpose FSA | $2750 (2021) $2850 (2022) $3050 (2023) |
$2750 (2021) $2850 (2022) $3050 (2023) |
| Child & Elderly Care FSA | $5000 (2021, 2022, 2023) | $2500 (2021, 2022, 2023) |
Health Care
For spouses filing jointly, each spouse can elect up to the health care max in the year (in 2023, that would be $3050 + $3050 = $6100 household total).
Child & Elderly (Dependent) Care
Total contributions for both the employer and employee cannot exceed $5000 (2023) for Dependent Care FSAs for the calendar year. Any amount exceeding that is taxable income. Additionally, when a married couple files separately, the total combined contribution for Dependent Care FSAs cannot exceed $2500 for each.