Entries by Sam Truax

2023 Employee Contribution and Benefit Limits

The Internal Revenue Service (IRS) on Tuesday announced the annual inflation adjustments to contribution and benefit limits for more than 60 tax provisions in 2023. The table below shows the contribution and benefit limits for certain plans in 2022 and 2023. HEALTH AND WELFARE PLAN LIMITS FSA  2022   2023 Health FSA salary reduction $2,850 […]