The IRS released the annual inflation adjustments for 2015 yesterday, and they include the following:
- Health Flexible Savings Arrangements (FSA) Salary Reduction Limit: $2,550
- Parking: $250
- Transit: $130
- Adoption Assistance: $13,400
You can read the entire IRS release here and IRS Revenue Procedure 2014-61 here.
Information provided courtesy of the Employers Council on Flexible Compensation (ECFC), of which Glynn Griffing & Associates, Administrators is a proud member.