The IRS announced increases to the 2024 FSA, Transit and Parking limits in Revenue Procedure 2023-34.
- Healthcare FSA annual contribution limit increased to $3,200 from $3,050
- Transit monthly maximum increased to $315/mo. from $300/mo.
- Parking monthly maximum increased to $315/mo. from $300/mo.
The Dependent Care FSA limit remains unchanged at $5,000 per year (or $2,500 if the account holder is married and files separately).
For questions, please contact your B&P Sales Rep - 888.722.3373.