PARTICIPANT Not a Participant?

< Return to What's Happening Page

IRS Releases Adjustments for 2015

The IRS released today annual adjustments for 2015, including the following:

  • The annual dollar limit on employee contributions to employer-sponsored healthcare flexible spending arrangements (FSA) is increased to by $50 to $2,550.
  • The amount for the adoption credit or the amount excluded for adoption assistance allowed for an adoption of a child with special needs is $13,400.
  • The monthly limitation for qualified transportation fringe benefit regarding the aggregate fringe benefit exclusion amount for transportation in a commuter highway vehicle and any transit pass is $130. 
  • The monthly limitation regarding the fringe benefit exclusion amount for qualified parking is $250. 

See more by clicking here.