Your Veolia Benefits

2020 IRS FSA and Commuter Benefit Limits

The IRS recently announced the following new limits that are effective January 1, 2020.

 

2020  Annual Limit for Flexible Spending Accounts (FSA):

The annual maximum amount you can contribute on a pre-tax basis to a Health Care Flexible Spending Account or a Limited Purpose Flexible Spending Account in 2020 is increasing from $2,700 to $2,750.    The 2020 benefits enrollment system has been updated to reflect the new limit for elections made during annual enrollment.

 

2020 Monthly Pre-Tax Commuter Benefit Limits:

The monthly pre-tax limit for  parking and transit benefits is increasing from $265 to $270 per month effective January 1, 2020.

Menu
×