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. You can use this money to pay for qualified medical expenses for you, your spouse, and any dependents which you claim on your tax return.
The irs recently announced that flexible spending account contribution limits are increasing from $3,050 to $3,200 in 2024. What is the 2024 maximum fsa contribution?
Hereโs What You Need To Know About New Contribution Limits Compared To Last Year.
For 2024, the maximum an employee can contribute to their fsa is set at $3,200 ($6,400 per couple).
The Irs Announced That The Health Flexible Spending Account (Fsa) Dollar Limit Will Increase To $3,200 For 2024 (Up From $3,050 In 2023) Employers May Impose.
The adjustment for 2024 represents a $150 increase to the current $3,050 health fsa salary reduction contribution limit in 2023.
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The Contribution Limit Is Set By The.
The limit for those with family coverage increases to $8,550 for 2025, up from $8,300 for 2024.
Here, A Primer On How Fsas Work.
The irs confirmed that for plan years beginning on or after jan.