2024 Fsa Limits. For 2024, the health fsa contribution limit is $3,200, up from $3,050 in 2023. 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 fsa (lex hcfsa).
If you had a flexible spending account (fsa) prior to 2021, you’ve probably heard the phrase “use it or lose it,” meaning that any unused funds you had contributed to your fsa would be forfeited at the end of each year. The maximum for individuals rises to $4,300, and the maximum for families rises to $8,550.
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Review the 2024 fsa, hsa, retirement, and commuter benefit contribution limits set by the internal revenue service (irs).
Forma Designed Your Plan To Automatically Adjust These Limits For.
For cafeteria plans that allow the carryover of unused amounts, the maximum carryover amount for 2024 is $640.
2024 Fsa Limits Images References :
For Cafeteria Plans That Allow The Carryover Of Unused Amounts, The Maximum Carryover Amount For 2024 Is $640.
The maximum for individuals rises to $4,300, and the maximum for families rises to $8,550.
The Internal Revenue Service (Irs) Announced New Cola Adjustments And Maximum Fsa Contribution Limits For 2025.
This fsa overview has been updated with information for the 2024 tax year.
