The irs has just announced updated 2024 fsa contribution limits, which are seeing modest increases over 2023 amounts. Employees can now contribute $150 more.
The irs released 2024 contribution limits for medical flexible spending accounts (medical fsas), commuter benefits, and more as part of revenue procedure. Fsas only have one limit for individual and family health.
For 2024, There Is A $150 Increase To The Contribution Limit For These Accounts.
The 2024 fsa contribution limit for health care and limited purpose accounts is $3,200.
Our Bulletin Breaks Down The 2024 Health Fsa Contribution Limits Issued By The Irs For Health Plan Sponsors And Plan Participants.
*an additional contribution of $1,000 is permitted for individuals aged 55 and older.
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And Those Age 55 And Older Can.
The 2024 fsa contribution limit for health care and limited purpose accounts is $3,200.