Internal Revenue Service (IRS) Releases 2019 Cost of Living Adjustments

by David Mordo
Internal Revenue Service (IRS) Releases 2019 Cost of Living Adjustments

The Internal Revenue Service (IRS) has released Revenue Procedure 2018-57, which updates the following Flexible Spending Account and Commuter Benefits for 2019:

 

Healthcare FSA - $2,700 (up from $2,650 in 2018)

Qualified Transit - $265 per month (up from $260 in 2018)

Qualified Parking - $265 per month (up from $260 in 2018)

Dependent Care Assistance - $5,000 per couple, $2,500 for an individual (no change)

 

Read the IRS notice here.

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