The maximum contribution amount for employees participating in a flexible spending account will increase in 2024, according to the Internal Revenue Service. Starting in 2024, employees can contribute ...

HSAs and FSAs differ tremendously in terms of when you have to spend the money in your account and what you can do with it. Though these accounts have some similarities, they are very different beasts ...

2026 Annual Limit: $3,400 2025 Annual Limit: $3,300 Individual maximum: Employee and spouse may each contribute up to max (employer allowed) per calendar year. This is a per person limit if you change ...

An FSA allows you to set money aside to pay for approved health care expenses not covered by your health plan. Contributions are made through payroll deductions before taxes are applied, which ...

On October 22, 2024, the Internal Revenue Service (IRS) released Revenue Procedure 2024-40, which increases the health flexible spending account (FSA) salary reduction contribution limit to $3,300 for ...

National Guard troops on full-time active duty are now eligible to enroll in a tax-advantaged, health care flexible spending account, according to a spokesman for the Department of Defense. Guard ...

The maximum contribution amount for employees participating in a flexible spending account will increase in 2024, according to the Internal Revenue Service. Starting in 2024, employees can contribute ...