IRS zoomed in Added on from retirement plan limits, these adjustments are calculated and released by the Internal Revenue Service (IRS) each year. Released on November 4, the IRS provided tax inflation adjustments for 2022 in Notice 2021-45.

There are a few changes for FSA and Commuter limits so be sure to view a detailed listing below:
 
PLAN LIMITS 2022 2021 2020
Monthly Transit/Van Pooling $280* $270 $270
Monthly Qualified Parking       $280* $270 $270
FSA Medical Maximum Deferral          $2,850* $2,750 $2,750
Medical FSA Carryover $570* $550 $550
FSA Dependent Care Max. Deferral    $5,000* $10,500 $5,000
* Indicates a change from 2021 to 2022.


Download the complete list of 2022 limitations for benefit plans (PDF).