The 2024 fsa contributions limit has been raised to $3,200 for employee contributions (compared to $3,050 in 2023). The first is to offer employees a grace period of up to 2.5 months to spend the remaining funds.1 the other option is to allow participants to roll over a maximum of.
The employer decides how much can be rolled over per plan year (up to the irs. For 2024, the maximum carryover rule is $640 in carryover funds (20% of the $3,200.
However, The Irs Allows You To Keep A Certain Amount From Year To Year.
The irs confirmed that for plan years beginning on or after jan.
2024 Fsa Maximum Carryover Amount:
The 2024 fsa contributions limit has been raised to $3,200 for employee contributions (compared to $3,050 in 2023).
Images References :
$5,000 For A Married Couple Filing Jointly, Or.
The internal revenue service has upped the contribution limit on flexible spending accounts to $3,050, allowing 20% of that amount, or $610, to carry over from.