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facade of IRS building U.S. Internal Revenue Service building in Washington, D.C. May 14, 2013. (Photo: Diego M. Radzinschi/THE NATIONAL LAW JOURNAL)

Following announcements by both the Internal Revenue Service and the Social Security Administration, most of the information on 2021 dollar amounts that employers will need to administer their benefit plans is now available.  The key dollar amounts for retirement plans and individual retirement accounts (IRAs) can be found on the front side of this 2021 limits card.

The reverse side of the card shows dollar amounts that employers will need to know to administer health flexible spending accounts (FSAs), health savings accounts (HSAs), and high-deductible health plans (HDHPs), as well as health plans that are not grandfathered under the Affordable Care Act.

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