The maximum contribution amount for employees participating in a flexible spending account will increase in 2024, according to the irs. The internal revenue service (irs) recently announced an annual inflation adjustment for the flexible spending arrangement (fsa) contribution limits for the 2024 plan year.
For 2024, the health fsa. For fsas that permit the carryover of unused amounts, the maximum 2024 carryover amount to 2025 is $640.
The Irs Establishes The Maximum Carryover Amounts And Annual Contribution Limits For Flexible Spending Accounts.
For unused amounts in 2023, the maximum amount that can be carried over to 2024 is $610.
Here, A Primer On How Fsas Work.
Irs releases health savings account limits for 2025.
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The Fsa Maximum Contribution Is The Maximum Amount Of Employee Salary.
The annual limit on employee contributions to a health fsa will be $3,200 for plan years beginning in 2024 (up from $3,050 in 2023).
In Addition, The Maximum Carryover Amount.
As anticipated, the maximum employee contribution to health fsas will be $3,200 for taxable years beginning in 2024, up $150 from 2023.