Question

IRS What is the maximum amount that may be contributed to an employer’s flexible spending arrangement for medical expenses in 2023

Answer 1

The maximum amount that can be contributed to an employer's Health Flexible Spending Arrangement (Health FSA) for medical expenses in 2023 is $3,050. This represents a significant increase from the 2022 limit of $2,750.

It's important to note that this limit applies to individual contributions. There is also a separate limit for family contributions to Health FSAs, which is $7,750 in 2023.

Step-by-step explanation:

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