Legislative Updates for FSA’s 2021
On October 26, 2020, the IRS announced the new limits for 2021 with respect to Health FSAs, Transportation/Commuter Plans, and Qualified Parking Plans as listed below:
| Type of Plan | 2020 | 2021 |
| Health FSA | $2,750/annual | No Change |
| Dependent Care FSA | $2,500 or $5,000*/annual | No Change |
| Transportation/Commuter Plan | $270/month | No Change |
| Parking Plan | $270/month | No Change |
*$2,500 for married individuals filing separate tax returns and $5,000 for married individuals filing joint tax returns or for unmarried individuals.
