The Internal Revenue Service recently announced a cost-of-living increase to the 2017 FSA contribution cap. This change, called Revenue Procedure 2016-55, aims to offset inflation. The new medical FSA limit is now $2,600 for 2017. This is up from $2,550 in 2016. Many other pre-tax benefits also had slight adjustments.
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No changes were made to the transit, parking, or dependent care contribution limits. The individual HSA contribution limit increased to $3,400 annually, and the family HSA contribution limit did not change.
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