IRS Announces 2024 FSA & Commuter Contributions Limits

November 14, 2023 | FSA

The IRS has announced the 2024 contribution limits for Health FSAs and Commuter benefits. These changes will take place for plan years that begin on or after January 1, 2024. For employers who currently allow the FSA maximum, OCA will automatically be increasing the new FSA maximum to reflect the increase. 

Benefit Type20242023Change
Health FSA Limit*
*The limit also applies to limited-purpose FSAs
 Health FSA Carryover Amount
Dependent Care Account Limit$5,000$5,000 No Change
Monthly Transit Account Limit $315$300$15
Monthly  Parking Account Limit  $315$300$15