2024 Maximum Fsa Contribution. The irs set a maximum fsa contribution limit for 2024 at $3,200 per qualified fsa ($150 more than the prior year). Like the 401(k) limit increase, this one is lower than the previous year’s increase.
The irs recently announced increases for both hsa and fsa contribution limits for 2024, as well as other guidelines. Our bulletin breaks down the 2024 health fsa contribution limits issued by the irs for health plan sponsors and plan participants.
An Employee Who Chooses To Participate In An Fsa Can Contribute Up To $3,200 Through Payroll Deductions During The 2024 Plan Year.
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 their own.
For 2024, There Is A $150 Increase To The Contribution Limit For These Accounts.
Increases to $640 in 2024, up from $610.
Health Flexible Spending Accounts Contribution Limit:
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2024 Fsa Contribution Limits Employees Participating In An Fsa Can Contribute Up To $3,200 During The 2024 Plan Year, Reflecting A $150 Increase Over The 2023 Limits.
For 2023, the maximum contribution limit was $3,050 per person.
For 2024, There Is A $150 Increase To The Contribution Limit For These Accounts.
Fsa contribution limits in 2024 will reach $3,200, up 4.9% from 2023.
Our Bulletin Breaks Down The 2024 Health Fsa Contribution Limits Issued By The Irs For Health Plan Sponsors And Plan Participants.