Health (FSA, HSA, HDHP)

Health FSA (Flexible Spending Account):

• 2023 contribution limit = $3,050, up from $2,850
• Carryover up to $610 into the next plan year (if offered by your employer)

Dependent-Care FSA:

• Limit remains at $5,000 per household (or $2,500 if married filing separately)

High-Deductible Health Plans (HDHP) & HSAs:

• HDHP deductibles for 2023: minimum $1,500 (self), $3,000 (family); max out-of-pocket: $7,500 (self), $15,000 (family)
• HSA contribution limits for 2023: $3,850 (individual) and $7,750 (family), with a $1,000 catch-up if age 55+

Education (Student Loan Interest Deduction)

• You can deduct up to $2,500 of student loan interest (no itemizing required)
• Income Phase-Out (MAGI):
• Single/head-of-household/qualifying spouse: full deduction up to $75K–80K MAGI, phases out between ~$75K–95K, eliminated above ~90K–95K
• Married filing jointly: full up to ~$155K–165K; phases out up to ~$185K–195K.
• If you don’t receive form 1098‑E (for < $600 interest paid), you can still claim it with your own records