2017 pre-tax limits announced by the IRS. Tax-free limits effective for plan years that begin on/or after January 1, 2017 include:
- Maximum annual limit for a Medical FSA will increase to $2,600
- Maximum annual amount for eligible Adoption Assistance expenses will increase to $13,570
- Maximum tax-free monthly mass transit and parking amounts remain at $255
If you have a Medical FSA and/or Adoption Assistance plan year that begins January 1, 2017 and would like to increase your tax-free limits, please contact your assigned Client Operations Specialist.