The irs set a maximum fsa contribution limit for 2024 at $3,200 per qualified fsa ($150 more than the prior year). On november 9, 2023, the irs released the 2024 health fsa / limited purpose fsa and commuter benefits maximum contribution limits.
The irs has increased the flexible spending account (fsa) contribution limits for the health care flexible spending account (hcfsa) and the limited expense health care. For 2024, the health fsa contribution limit is $3,200, up from $3,050 in 2023.
The Irs Confirmed That For Plan Years Beginning On Or After Jan.
For 2024, there is a $150 increase to the contribution limit for these accounts.
For Fsas That Permit The Carryover Of Unused Amounts, The Maximum 2024 Carryover Amount To 2025 Is $640.
Irs releases health savings account limits for 2025.
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But If You Have An Fsa In 2024, Here Are The Maximum Amounts You Can Contribute For 2024 (Tax Returns Normally Filed In 2025).
An employee who chooses to participate in an fsa can contribute up to $3,200 through payroll deductions during the 2024 plan year.
Amounts Contributed Are Not Subject To.
The internal revenue service (irs) recently announced an annual inflation adjustment for the flexible spending arrangement (fsa) contribution limits for the 2024 plan year.