Category: Flexible Spending Accounts

2024 FSA Contribution Limit Increases

Written December 19, 2023 by Barbara Dillon

Categories: 2024 Flexible Spending, Flexible Spending Accounts, Tax planning

For 2024, there is a $150 increase to the Flexible Spending Account (FSA) contribution limit. Throughout the year, taxpayers can use FSA funds for qualified medical expenses not covered by their health plan.