The IRS has announced the 2010 cost-of-living adjustments for various welfare benefit dollar limits. The 2010 limits are as follows:
|
Limit |
2009 |
2010 |
| Transportation Fringe Benefits | ||
| Section 132(f)(2)(A) monthly limit for transportation fringe benefits |
$120 |
$230 |
| Section 132(f)(2)(B) monthly limit for qualified parking fringe benefits |
$230 |
$230 |
| Adoption Assistance Program/Adoption Credit | ||
| Section 132(f)(2)(A) monthly limit for transportation fringe benefits |
$120 |
$230 |
| Section 132(f)(2)(B) monthly limit for qualified parking fringe benefits |
$230 |
$230 |
| Long Term Care Premiums | ||
| Section 213(d)(10) eligible long-term care premiums includible as “medical care” based on age attained during taxable year | ||
|
≤ 40 > 40 AND ≤ 50 > 50 AND ≤ 60 > 60 AND ≤ 70 > 70 |
$320 $600 $1,190 $3,180 $3,980 |
$330 $620 $1,230 $3,290 $4,110 |
| Archer MSA High Deductible Health Plan Limits | ||
| Section 220(c)(2)(A) annual requirements | ||
| Self-Only Coverage: | ||
|
A Deductible Between Out-of-Pocket Maximum |
$2,000 & $3,000 $4,000 |
$2,000 & $3,000 $4,050 |
| Family Coverage: | ||
|
A Deductible Between Out-of-Pocket Maximum |
$4,000 & $6,050 $7,350 |
$4,050 & $6,050 $7,400 |