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IRS Announces New Contribution Limits for FSAs

Posted by Zinner & Co. Tax Department on Nov 20, 2019 10:00:00 AM

The IRS has announced that the contribution limits for Flexible Spending Accounts (FSA) contribution limits have been increased to $2750 for the plan year beginning 2020.IRS The limit is being raised from the 2019 limit by $50. 

If you have any questions regarding the new deduction limit or other tax matters, contact us.

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Topics: medical, FSA, income tax

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