IRS Contribution Limits for 2023 Each year, the Internal Revenue Service determines if the contribution limits for things like retirement plans and health savings will increase. Based on cost of living adjustments, the agency recently announced increases to most of these contribution limits. Let’s take a look at the new
Businesses are nothing without strong employees. One proven way to attract and retain top talent is by offering a strong benefits package. As part of a health plan package, many businesses consider offering a FSA. Let’s take a look at what a FSA is. What is a FSA? A FSA,
In 2022, participants of health savings accounts (HSA) and flexible spending accounts (FSA) are eligible to increase their contributions per the Internal Revenue Service. Every year, the IRS reviews and makes any necessary changes to the contribution limits for these types of plans. These changes are based on the cost-of-living