Fsa Limits 2024 Carryover Limit. Under irs guidance issued in may 2020, plan sponsors could allow health and dependent care fsa participants to make midyear contribution changes and. 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.
Limited purpose fsa limits 2024 kelli melissa, the internal revenue service (irs) announced new cola adjustments and maximum fsa contribution limits for 2025. For fsas that permit the carryover of unused amounts, the maximum 2024 carryover amount to 2025 is $640.
Lisa Myers, Director Of Client Services For Benefit Accounts At Willis Towers Watson, Explains The Latest Fsa Changes For 2023.
Plans that allow a carryover of unspent fsa funds can now permit up to $640 to rollover in 2024 versus the current maximum of $610.
If You Donโt Use All Your Fsa Funds By The End Of The Plan Year, You May Be Able To Carry Over $640.
The fsa carryover limit provides employers the option to transfer a maximum amount of remaining fsa balances at a plan yearโs end to carryover for use during the next plan year.
