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IRS Announces 2017 Limits for Health FSAs and Transit Benefits | PA Benefit Advisors

On October 25, 2016, the Internal Revenue Service (IRS) announced annual inflation adjustments for more than 50 tax provisions, including an increase in voluntary employee contributions to employer-sponsored healthcare flexible spending arrangements (HFSAs) to $2,600 for plan years beginning in 2017, up from the 2016 limit of $2,550. The IRS also announced there will be … Continued