On November 9, 2023, the IRS released the 2024 Health FSA / Limited Purpose FSA and Commuter Benefits maximum contribution limits.
There are no changes to dependent care flexible spending account (DC FSA) limits for 2024. The contribution limit will remain at $5,000.
For Health FSA plans that permit the carryover of unused amounts, the maximum carryover amount for 2024 is $640, an increase of $30 from the original 2023 carryover limit.
|Contribution Limits 2023||Contribution Limits 2024|
|Medical FSA Annual Contribution Limits||Medical FSA Annual Contribution Limits|
|Commuter Benefits Monthly Contribution Limits||Commuter Benefits Monthly Contribution Limits|
|Qualified Small Employer Health Reimbursement Arrangement||Qualified Small Employer Health Reimbursement Arrangement|
Self only - $5,850
Self only - $6,150
Family - $12,450