When submitting for FSA reimbursements, it's important to keep in mind your applicable statutory limit. Your statutory limit is the smallest of the following amounts:
- your earned income for the calendar year (after your salary reductions under the Salary Reduction Plan); or
- the earned income of your Spouse for the calendar year1; or
- either $5,000 or $2,500 for the calendar year2, depending on your marital and tax filing status, as described further in the Salary Reduction Plan Summary Description.
1Your Spouse is deemed to have earned income of at least $250 (or $500 if you have two or more Qualifying Individuals) for each month in which your Spouse is (a) physically or mentally incapable of self-care (provided that you and your Spouse have the same principal place of abode for more than one-half of such year), or (b) a full-time student.
2For taxable year 2021, the employer can adopt a limit of up to $10,500 or $5,250. Please check your employer plan details for more information.Updated: