The IRS announced the 2017 annual limits for employee benefit plans, including the following:
- The maximum retirement plan annual elective deferral remains unchanged at $18,000, and the catch-up contribution (age 50+) remains unchanged at $6,000.
- The health FSA plan year maximum employee election increases from $2,550 to $2,600. The dependent care FSA calendar year maximum benefit remains unchanged.
- The HSA calendar year maximum contribution for single coverage increases from $3,350 to $3,400, but for family coverage the maximum contribution remains unchanged at $6,750.
- The transit and parking limits remain unchanged at $255 per month for each account.
Click here for our detailed table of IRS employee benefit plan limits.