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Some employee benefits are subject to annual dollar limits which are periodically updated for inflation by the IRS. Although many limits will remain the same for 2021, the following limits will increase:
HSA Contribution Limit | |
Self-Only | $3,600 |
Family | $7,200 |
HDHP Out-of-Pocket Maximum | |
Self-Only | $7,000 |
Family | $14,000 |
Adoption Assistance Benefits | |
Tax Exclusion | $14,400 |
Employers should update their benefit plan designs and communicate the new limits to their employees. Download the bulletin for more details.