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IRS Contribution Limits

Each year the IRS announces updates to contribution limits for Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), Health Reimbursement Arrangements (HRA), and other tax-advantaged accounts. Here’s a look at what’s changing:

2024

2023

Health FSA: Max Contribution Limit

$3,200

$3,050

Health FSA: Rollover Max

$640

$610

DCFSA: Max Contribution Limit

$2500/$5000

$2,500 / $5,000

HSA: Max Contribution Limit

$4,150 Self-Only
$8,300 Family

$3,850 Self-Only
$7,750 Family

HSA: Catch-Up Contribution Limit

$1000

$1000

HSA: HDHP Out-of-Pocket Max

$8,050 Self-Only
$16,100 Family

$7,500 Self-Only
$15,000 Family

HSA: HDHP Minimum Annual Deductible

$1,600 Self-Only
$3,200 Family

$1,500 Self-Only
$3,000 Family

Commuter Reimbursement: Parking

$315/month

$300/month

Commuter Reimbursement: Transit 

$315/month

$300/month

QSEHRA

$6,150 Single
$12,450 Family

$5,850 Single
$11,800 Family

EBHRA

$2,100

$1,950

Educational Assistance  – Max Income Exclusion

$5,250

$5,250

Medical Mileage Rate

$.21

$.22

Highly Compensated Employee Dollar Threshold

$155,000

$150,000

Key Employee Dollar Threshold

$220,000

$215,000

Health Savings Account (HSA) contribution increases:

Significant contribution increases will allow employees to save more with their HSAs next year. The increases will take effect in January 2024 and are outlined in more detail in this IRS announcement article. For HSA details and answers to FAQs, visit our ultimate guide.