In this situation, the couple could jointly contribute up to $6,400 for their household.įor FSAs that permit the carryover of unused amounts, the maximum 2024 carryover amount to 2025 is $640. If the employee's spouse has a plan through their employer, the spouse can also contribute up to $3,200 to that plan. If the plan allows, the employer may also contribute to an employee's FSA.
Amounts contributed are not subject to federal income tax, Social Security tax or Medicare tax. WASHINGTON - During open enrollment season for Flexible Spending Arrangements (FSAs), the Internal Revenue Service reminds taxpayers that they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans through their FSA.įor 2024, there is a $150 increase to the contribution limit for these accounts.Īn employee who chooses to participate in an FSA can contribute up to $3,200 through payroll deductions during the 2024 plan year.
