What Is The Max Fsa Contribution For 2024 Tax Year

What Is The Max Fsa Contribution For 2024 Tax Year. For 2023, the maximum contribution limit was $3,050 per person. It’s open enrollment season for many organizations and knowing the updated fsa limits will help individuals better plan amounts to set aside.

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. The irs set a maximum fsa contribution limit for 2024 at $3,200 per qualified fsa ($150 more than the prior year).