What Is The Maximum Amount For Fsa In 2024. Flexible spending accounts come with one main restriction, and it’s a big one: Ogb will be extending annual enrollment for employees who entered the 2023 maximum amount of $3,050.
Dependent care assistance program (dcap). 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 2024, There Is A $150 Increase To The Contribution Limit For These Accounts.
(for the 2024 plan year, that figure will be capped at $640.)
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 An Individual Or Married Person Filing Separately.
If you don’t use all your fsa funds by the end of the plan year, you may be able to carry over $640 to 2025.
The Fsa Contribution Maximum For The 2024 Plan Year Is $3,200.
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A Rollover Limit Is A Cap On Any Unused Fsa Funds From The Previous Plan Year That Can Carry Over Into The Next Year.
These employees will have until 11/22/2023 to increase their contributions from $3,050 to $3,200, if they so choose.
For 2024, The Fsa Annual Salary Reduction Limits Are Set At $3,200, Up Almost 5% From $3,050 In 2023.
The maximum loan amount is $5,000.
What Are The New Contribution Limits For Health Savings Accounts In 2024?