Excerpt from Rev. Proc. 2016-55 16 Cafeteria Plans. For the taxable years beginning in 2017, the dollar limitation under § 125(i) on voluntary employee salary reductions for contributions to health flexible spending arrangements is $2,600.
17 Qualified Transportation Fringe Benefit. For taxable years beginning in 2017, the monthly limitation under § 132(f)(2)(A) regarding the aggregate fringe benefit exclusion amount for transportation in a commuter highway vehicle and any transit pass is $255. The monthly limitation under § 132(f)(2)(B) regarding the fringe benefit exclusion amount for qualified parking is $255.
If you are uncertain if your plan document supports this increase, please contact us to confirm your maximum plan benefit.