What Is The Maximum Fsa Contribution For 2024 Tax Year

What Is The Maximum Fsa Contribution For 2024 Tax Year. The flexible spending account (fsa) contribution limit has been set at $3,050 for 2023. An employee who chooses to participate in an fsa can contribute up to $3,200 through payroll deductions during the 2024 plan year.

Like the 401(k) limit increase, this one is lower than the previous year’s increase. Employees can now contribute $150 more.