Limited Purpose Fsa Limits 2024 Over 65. The irs released 2024 contribution limits for medical flexible spending accounts (medical fsas), commuter benefits, and more as part of revenue procedure. The new contribution limit will also apply to the limited purpose fsa which reimburses eligible dental and vision expenses.
In 2024, workers can add an extra $150 to their fsas as the annual contribution limit rises to $3,200 (up from $3,050). Learn what the maximum fsa limits are for 2024 and how they work.
Employees Can Now Contribute $150 More.
The internal revenue service (irs) announced new cola adjustments and maximum fsa contribution limits for 2025.
The New Contribution Limit Will Also Apply To The Limited Purpose Fsa Which Reimburses Eligible Dental And Vision Expenses.
The carryover feature typically allows you to roll over up to 20% of the maximum fsa contribution every year, if your employer allows it.
Limited Purpose Fsa Limits 2024 Over 65 Images References :
For 2024, Employees With A Limited Purpose Fsa (Lpfsa) May Elect To Contribute Up To An Annual Maximum Of $3,200.
As the name implies, the limited purpose fsa is more restricted in its scope:
If You Have A Limited.
The annual maximum contribution you can make to the limited purpose fsa is $3,200 in 2024.