Health FSA Limit Will Increase for 2023

On Oct. 18, 2022, the IRS released Revenue Procedure 2022-38 , which includes the inflation-adjusted limit for 2023 on employee salary reduction contributions to health flexible spending accounts (FSAs). The Affordable Care Act (ACA) imposes a dollar limi...

457 Deferral Limit Rises for 2022

The maximum amount you can contribute to a 457 retirement plan in 2022 is $20,500.  That's and increase of $1,000 over 2021.  If you're 50 or older, your plan may allow you to contribute an additional $6,500 as a "catch-up" con...