Category: Flexible Spending Account

Question of the Month: FSAs and FSA Carryovers

Aug 12, 2024

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by

Cleveland Benefits Partners

in Flexible Spending Account

Q: What are the time and dollar limits for flexible spending arrangements (FSA) and FSA carryovers? A: For 2024, the most that can be deferred to an FSA is $3,200 (a $150 increase from 2023). The amount of a 2024 FSA balance that can be carried over into 2025 is $640 (up from $610 in 2023).…