The fsa contribution limits increased from 2023 to 2024. Learn strategies for using an lpfsa—while saving with your hsa
(this is a $150 increase from the 2023 limit of $3,050.) the limit is. Employers can allow employees to carry over $640 from their medical fsa for taxable years beginning in 2024, which is a $30 increase from 2023.
What Is A Limited Purpose Fsa?
$5,000 for a married couple filing jointly, or $2,500 for each individual fsa if you each have a separate account.
Texflex Sm Flexible Spending Account (Fsa) Contribution And Carryover Limits Increasing In Plan Year 2024.
This is an increase from $610 in 2023.
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An Employee Who Chooses To Participate In An Fsa Can Contribute Up To $3,200 Through Payroll Deductions During The 2024 Plan Year.
In some cases, an lpfsa can also be used for regular qualified medical.
The 2023 Contribution Limit For Limited Purpose Fsas Is Also $3,050 And $3,200 In 2024.
Texflex sm flexible spending account (fsa) contribution and carryover limits increasing in plan year 2024.