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.

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