The irs released 2024 contribution limits for medical flexible spending accounts (medical fsas), commuter benefits, and more as part of revenue procedure. Here’s what you need to know about new contribution limits compared to last year.
But if you have an fsa in 2024, here are the maximum amounts you can contribute for 2024 (tax returns normally filed in 2025). The irs set a maximum fsa contribution limit for 2024 at $3,200 per qualified fsa ($150 more than the prior year).
Each Employee May Only Elect Up To $3,200 In Salary Reductions In.
What is the 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).
Because of the american rescue plan signed into law in march 2021, the contribution limit has been raised to $5,500 for married couples filing jointly or $2,750 for.
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Fsas Only Have One Limit For Individual And Family Health.
What is the 2024 maximum fsa contribution?
Employees Participating In An Fsa Can Contribute Up To $3,200 During The 2024 Plan Year, Reflecting A $150 Increase Over The 2023 Limits.
The irs set a maximum fsa contribution limit for 2024 at $3,200 per qualified fsa ($150 more than the prior year).