Hi sarjhawk,
Thank you for joining us today.
The IRS sets an annual limit of $5,000 per year on dependent care flexible spending accounts. This amount is lowered for highly compensated employees (HCE's) to $3,600 or $300 per month enrolled. For 2023, an HCE is defined as anyone who earns over $150,000. Individual benefit plans may set additional contribution limits.
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