2024 Fsa Contribution Limits Family Member. For cafeteria plans that allow the carryover of unused amounts, the maximum carryover amount for 2024 is $640. An employee who chooses to participate in an fsa can contribute up to $3,200 through payroll deductions during the 2024 plan year.
The health fsa limit is $3,200 per employee in 2024, regardless of family members benefiting from the funds. On november 9, 2023, the irs released the 2024 health fsa / limited purpose fsa and commuter benefits maximum contribution limits.
This Represents A 6.7% Increase In 2024 Over A Year.
The irs released 2024 contribution limits for medical flexible spending accounts (medical fsas), commuter benefits, and more as part of revenue procedure.
Both You And Your Spouse Can Each Have Your Own Healthcare Fsa Through Your Respective Employers And Both Contribute The Maximum Amount To Each Account.
In 2024, workers can add an extra $150 to their fsas as the annual contribution limit rises to $3,200 (up from $3,050).
2024 Fsa Contribution Limits Family Member Images References :
Each Employee May Only Elect Up To $3,200 In Salary Reductions In 2024, Regardless Of Whether They Have Family Members Who Benefit From The Funds In That Fsa.
The health fsa limit is $3,200 per employee in 2024, regardless of family members benefiting from the funds.
How Do Fsa Contribution And Rollover Limits Work?
For cafeteria plans that allow the carryover of unused amounts, the maximum carryover amount for 2024 is $640.