The maximum contribution amount for employees participating in a flexible spending account (FSA) will increase in 2024, the IRS recently announced.
Starting in 2024, employees can contribute up to $3,200 tax-free to an FSA through payroll deduction, an increase of $150 from this year.
Households with separate employer plans can contribute up to $6,400 a year. Self-employed individuals are not eligible. Read more.