Your company may offer you two options when you use your fsa funds. The internal revenue service has upped the contribution limit on flexible spending accounts to $3,050, allowing 20% of that amount, or $610, to carry over from.
And those age 55 and older can. Employers can allow employees to carry over $640 from their medical fsa for taxable years beginning in 2024, which is a $30 increase from 2023.
In 2024, You Can Carry Over Up To $640 (Up From $610 In 2023).
Employers can offer employees participating in health flexible spending accounts (fsas) and dependent care fsas greater flexibility for rolling over unused.
It Basically Extends The Length Of Time You Can Use Your Fsa Funds Beyond The End Of The Plan Year.
You can carry over up to $610 from your 2023.
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This Means That If You Have Money Left In Your Fsa At The End Of The Plan Year In 2024, For Any Reason, You Can Keep.
Your company may offer you two options when you use your fsa funds.
