2024 Health FSA Inflation Adjustments
On November 9, 2023, the IRS issued Revenue Procedure 2023-34 that sets forth various 2024 tax-related limits that have been adjusted for inflation.
Published: 12.27.2023
On November 9, 2023, the Internal Revenue Service (IRS) issued Revenue Procedure 2023-34 Revenue Procedure 2023-34 that sets forth various 2024 tax-related limits that have been adjusted for inflation. The table below identifies updates to the 2024 health and fringe benefit plan limits addressed in the notice.| Benefit | 2023 | 2024 |
| Maximum Annual Employee Contribution to a Health Flexible Spending Account (Health FSA) | $3,050 | $3,200 |
| Health FSA Carryover Limit | $610 | $640 |
| Adoption Assistance Programs | $15,950 | $16,810 |
| Maximum Annual Employer Contribution to Qualified Small Employer HRA (QSEHRA) | $5,850 (self-only coverage) $11,800 (family coverage) |
$6,150 (self-only coverage) $12,450 (family coverage) |
| Maximum Monthly Benefit for Qualified Transit Passes, Van Pool Services, and Qualified Parking | $300 | $315 |
