The IRS will not be increasing the maximum amount that can be contributed to a Flexible Spending Account (FSA) in 2021. The $2,750 max in 2020 will remain $2,750 in 2021. InTANDEM HR observes a “run off” period to enable participants to use remaining funds for two and a half-months following the end of the plan year. Look to use up your funds soon to avoid losing any available money!
