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Statutory Employee Benefit Plan Limits by Year:

These are the limits that a company can pay or reimburse for the benefit of employees.
Type of Benefit Plan Deductible for
2% S-Corp SH?
2012 2011 2010 2009
Accident and Health Benefits No No Limit No Limit No Limit No Limit
Adoption Assistance No $12,650 per child $13,360 per child $13,170 per child $12,150 per child
Continuing Professional Education Yes No Limit No Limit No Limit No limit
Dependant Care Assistance
(Including Adult Day-care)
Yes $5,000 $5,000 $5,000 $5,000
Educational Assistance 5% can benefit S/Hs $5,250 $5,250 $5,250 $5,250
Employee Stock Options Yes Market value Market value Market value Market value
Group-Term Life No $50,000 coverage $50,000 coverage $50,000 coverage $50,000 coverage
Health Savings Accounts No $3,100 - Single
$6,250 - Family
$1,000 - Catchup Cont.
$3,050 - Single
$6,150 - Family
$1,000 - Catchup Cont.
$3,050 - Single
$6,100 - Family
$1,000 - Catchup Cont.
$3,000 - Single
$5,950 - Family
$1,000 - Catchup Cont.
Health Reimbursement Accounts No No Limit No Limit No Limit No Limit
Moving Expenses No No Limit No Limit No Limit No Limit
Retirement Planning Services Yes Must have a retirement plan Must have a retirement plan Must have a retirement plan Must have a retirement plan
Transportation Benefits - Transit pass and/or 7-Passenger Vehicle No $125 per month $120 per month $120 per month $120 per month
Transportation Benefits - Parking No $240 per month $230 per month $230 per month $230 per month
Transportation Benefits - Bicycle Commuting No $20 per month $20 per month $20 per month $20 per month

**Please note: The IRS has developed a habit of retroactively changing tax law, so these limits are subject to change.
Also: Taxes have become (dramatically and unnecessarily) complicated. If you are having your taxes prepared by
a national tax preparation chain, you should strongly consider giving up all hope of having them prepared accurately.