2025 IRS LIMITS:

SOCIAL SECURITY LIMIT: $176,100
401K MAXIMUM: $23,500 – Total Comp = $350,000
401K CATCH-UP: $7,500 for a total of $31,000

Effective January 1, 2023
BUSINESS MILEAGE: 70 cents
MOVING/MEDICAL: 21 cents
CHARITABLE: 14 cents

HEALTH SAVINGS ACCOUNT: $4,300 FOR INDIVIDUAL AND $8,550 FOR FAMILY
HEALTH SAVINGS ACCOUNT CATCH-UP: $1,000
HEALTH CARE FLEXIBLE SPENDING ACCOUNT LIMIT: TBD
DEPENDENT CARE FLEXIBLE SPENDING ACCOUNT LIMIT: TBD FOR MARRIED JOINT RETURNS AND TBD FOR MARRIED FILING SEPARATE RETURNS

TRANSIT PASSES: $325 PER MONTH
TRANSIT PARKING: $325 PER MONTH

ADOPTION ASSISTANCE: TBD

TUITION ASSISTANCE: TBD

2024 IRS LIMITS:

SOCIAL SECURITY LIMIT: $168,600
401K MAXIMUM: $23,000 – Total Comp = $345,000
401K CATCH-UP: $7,500 for a total of $30,000

Effective January 1, 2023
BUSINESS MILEAGE: 65.5 cents
MOVING/MEDICAL: 22 cents
CHARITABLE: 14 cents

HEALTH SAVINGS ACCOUNT: $4,150 FOR INDIVIDUAL AND $8,300 FOR FAMILY
HEALTH SAVINGS ACCOUNT CATCH-UP: $1,000
HEALTH CARE FLEXIBLE SPENDING ACCOUNT LIMIT: TBD
DEPENDENT CARE FLEXIBLE SPENDING ACCOUNT LIMIT: TBD FOR MARRIED JOINT RETURNS AND TBD FOR MARRIED FILING SEPARATE RETURNS

TRANSIT PASSES: $315 PER MONTH
TRANSIT PARKING: $315 PER MONTH

ADOPTION ASSISTANCE: TBD

TUITION ASSISTANCE: TBD

2023 IRS LIMITS:

SOCIAL SECURITY LIMIT: $160,200
401K MAXIMUM: $22,500 – Total Comp = $330,000
401K CATCH-UP: $7,500 for a total of $30,000

Effective January 1, 2023
BUSINESS MILEAGE: 65.5 cents
MOVING/MEDICAL: 22 cents
CHARITABLE: 14 cents

HEALTH SAVINGS ACCOUNT: $3,850 FOR INDIVIDUAL AND $7,750 FOR FAMILY
HEALTH SAVINGS ACCOUNT CATCH-UP: $1,000
HEALTH CARE FLEXIBLE SPENDING ACCOUNT LIMIT: $3,050
DEPENDENT CARE FLEXIBLE SPENDING ACCOUNT LIMIT: $5,000 FOR MARRIED JOINT RETURNS AND $2,500 FOR MARRIED FILING SEPARATE RETURNS

TRANSIT PASSES: $300 PER MONTH
TRANSIT PARKING: $300 PER MONTH

ADOPTION ASSISTANCE: $15,950

TUITION ASSISTANCE: $5,250