Cari Marsha

Limited Purpose Fsa Contribution Limit 2024 Over 55. What is a limited purpose flexible spending account? The internal revenue service (irs) announced new cola adjustments and maximum fsa contribution limits for 2025.

The irs has recently disclosed adjustments to contribution limits for 2024, bringing some changes to both fsas and hsas. Amounts contributed are not subject to federal income tax, social security tax or medicare tax.