The Internal Revenue Services has announced a $150-increase in contribute limits for Flexible Spending Arrangements next year. That will bring the total that can be contributed via payroll deductions to a maximum of $3,200.If allowed by plans, employers can contribute to employee FSAs. Spouses with employers offering a plan can also contribute up to $3,200 to their plans so that married couples can jointly contribute up to $6,400.
For plans permitting carryovers of unused amounts, the maximum carryover from 2024 to 2025 is $640. A maximum of $610 can be carried over from 2023 through 2024.
