IRS Annual Limits

Notes For Plan Administrators: The following plan changes are allowable as indicated by the IRS for plans that begin in 2024, 2025, & 2026. Every year, generally around October, the IRS publishes the limits for these plans for the next year. Please remember that these limits and options are governed by your group. Please consult your HR Department if you have any questions.

Limits Flexible Spending Plans
Medical/Health FSA $3,200 max
Dependent Day Care $5,000 max ($2,500 if filing separately)
Rollover/Carryover $640
Employer Match $500 and 1 to 1 match for amounts starting at $501

Health Savings Accounts (Calendar Year)
Individual Limit $4,150
Family Limit $8,300

Qualified Transportation Benefit Exclusion (Monthly Limits)
Transit passes and van pool services $315
Qualified parking $315

Adoption Assistance
Max employer subsidy, $16,810 per child
Phase-out begins $252,150
Phase-out complete $292,150

Qualified Small Employer HRAs
Individual $6,150
Family $12,450

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2024 IRS Limits

Limits Flexible Spending Plans
Medical/Health FSA $3,300 max
Dependent Day Care $5,000 max ($2,500 if filing separately)
Rollover/Carryover $660
Employer Match $500 and 1 to 1 match for amounts starting at $501

Health Savings Accounts (Calendar Year)
Individual Limit, Max $4,300, HDHP Min $1,650
Family Limit, Max $8,550, HDPH Min $3,300

HSA Catch-up (55 or older) $1,000

Qualified Transportation Benefit Exclusion (Monthly Limits)
Transit passes and van pool services $325
Qualified parking $325

Adoption Assistance
Max employer subsidy, $17,280 per child
Phase-out begins $259,190
Phase-out complete $299,190

Qualified Small Employer HRAs
Individual $6,350
Family $12,800

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