Employee News

New Contribution Limits to Dependent Care Flexible Spending Accounts (FSAs)

The American Rescue Plan Act of 2021 (ARPA) has established new annual limits for pretax contributions to dependent care FSAs. The annual limits are increased to $10,500 (up from $5,000) for single taxpayers and married couples filing jointly and to $5,250 (up from $2,500) for married individuals filing separately