FSA Contribution and Other Benefits Limits Rise for 2020, DOL Proposes New Method for Electronic Delivery of Retirement Plan Disclosures
In addition to the FSA contribution limits, the IRS announced increases for transportation benefits and adoption services. Qualified transportation benefit limits (for parking or transit passes) increased to $270 for 2020. Maximum employer subsidies for qualified adoption expenses rose to $14,300, up $220. Other adoption-related limits increased as well. Learn more in the December Benefits Buzz newsletter:
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