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October 19, 2017 |  By: dbi

IRS Announces 2018 Plan Limits

The IRS released Revenue Procedure 2017-58 today, announcing some important changes to plan contribution limits for 2018. We've summarized them for you below. Flexible Spending Accounts (FSAs) The 2018 FSA contribution limit will be $2,650, an increase of $50 from the 2017 limits.  Commuter Benefits The monthly commuter benefit limits for both mass transit and parking will increase by $5 in 2018, for a maximum monthly contribution... Continue Reading ›