Nov 16 2018

2019 IRS contribution limits

The IRS just released Revenue Procedure 2018-57 today, announcing the new contribution limits for 2019. Here’s what you need to know:

Medical FSA Contribution Limits – 2019
The 2019 Medical FSA contribution limit will be $2,700, an increase of $50 from the 2018 limits.

Medical FSA Contribution Limits 2018 Medical FSA Contribution Limits 2019
$2,650 $2,700

Commuter Contribution Limits – 2019
The monthly Commuter Benefits limit for both mass transit and parking will increase to $265 for 2019. That’s up $5 from the 2018 limit.

Monthly Mass Transit & Parking
Contribution Limits 2018
Monthly Mass Transit & Parking
Contribution Limits 2019
$260 $265

Adoption Assistance Program Limits – 2019
The maximum amount that may be excluded from an employee’s gross income for the adoption of a special needs child under an adoption assistance program is $14,080 in 2019. This is the same amount that may be excluded from that employee’s gross income for expenses incurred by an employer for qualified adoption expenses within an adoption assistance program.

Adoption Assistance Limits 2018 Adoption Assistance Limits 2019
$13,810 $14,080

Qualified Small Health Reimbursement Arrangement Limits – 2019
Employer contribution limits for QSEHRAs are $5,150 for single and $10,450 for families.

QSEHRA contribution limits 2018 QSEHRA contribution limits 2019
Self-only: $5,050
Family: $10,250
Self-only: $5,150
Family: $10,450

HSA Contribution Limits – 2019
IRS contribution limits for HSAs in 2019 were announced earlier this year. The limit for an individual is $3,500, while the family contribution limit increased to $7,000.

HSA Contribution Limits 2018 HSA Contribution Limits 2019
Single: $3,450
Family: $6,900
Single: $3,500
Family: $7,000