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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

TBA

$3,050

Rollover Max

TBA

$610

DCAP Max*

TBA

$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: Parking

TBA

$300/month

Commuter: Transit Passes & Vanpooling (Combined)

TBA

$300/month

QSEHRA

TBA

$5,850 Single
$11,800 Family

EBHRA

$2,100

$1,950

Educational Assistance  – Max Income Exclusion

TBA

$5,250

Health FSA Mileage

TBA

$.22

Highly Compensated Employee Dollar Threshold

TBA

$150,000

Key Employee Dollar Threshold

TBA

$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.