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

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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