The IRS released its annual cost-of-living adjustments Thursday, which include changes to contribution limits for 2019. The adjustments introduce increases for FSA contribution limits, Commuter Reimbursement Accounts (CRA) and Qualified Small Employer HRAs (QSEHRA).
The IRS is allowing a contribution limit of $2,700 for 2019, a $50 increase from 2018 limits. The IRS had already announced an increase for HSA contributions ($3,500 for individuals and $7.000 for families) earlier this year.
If you are enrolled in a CRA, you will see a $5 increase in your maximum monthly contribution limits from 2018. The 2019 limit is now $265 per month each for parking and transit.
The contribution limits for QSEHRAs for 2019 are $5,150 for single employees (up $100 from 2018 limits) and $10,450 for families (up $200 from 2018 limits).