The IRS Released Revenue Procedure 2020-45 late last night announcing the limits for 2021. Most limits for tax-advantaged accounts remained the same for the upcoming year. The HSA Limits and HDHP Limits were announced earlier this year in Revenue Procedure 2020-32.
Each updates are set forth below:
| 2021 | 2020 | |
| HealthCare FSA | $2,750 | $2,750 |
| Dependent Care FSA | $5,000 | $5,000 |
| Rollover Maximum | $550 | $550 |
| Transportation | $270/month | $270/month |
| Parking | $270/month | $270/month |
| Adoption Assistance | $14,440 | $14,300 |
| Qualified Small Employer HRA Single | $5,300 | $5,250 |
| Qualified Small Employer HRA Family | $10,700 | $10,600 |
| Excepted Benefit HRA | $1,800 | $1,800 |
| HSA Limits | ||
| Single | $3,600 | $3,550 |
| Family | $7,200 | $7,100 |
| Catch-Up Limit (55+) | $1,000 | $1,000 |
| HDHP Min Annual Ded | ||
| Single | $1,400 | $1,400 |
| Family | $2,800 | $2,800 |
| HDHP Out of Pocket Maximum | ||
| Single | $7,000 | $6,900 |
| Family | $14,000 | $13,800 |