IRS Benefits Limits
IRS Benefit Limits |
Plan Years Beginning in 2025 |
Plan Years Beginning in 2024 |
|---|---|---|
Health FSA (FSA) & Limited Purpose FSA (LPF)* |
$3,300 / year |
$3,200 / year |
Carryover Provision of unused amounts for FSA & LPF** |
$660 / year |
$640 / year |
Dependent Care FSA (DCAP) |
$5,000 / year |
$5,000 / year |
Commuter Transit & Parking (pre-tax limit) |
$325 / month |
$315 / month |
QSEHRA (Qualified Small Employer HRA) |
$6,350 / individual |
$6,150 / individual |
Health Savings Account (HSA) |
$4,300 / individual |
$4,150 / individual |
HSA - Minimum Deductible |
$1,650 / individual |
$1,600 / individual |
HSA - Maximum Out-of-pocket |
$8,300 / individual |
$8,050 / individual |
Medical Mileage |
21 cents per mile |
21 cents per mile |
* For the Health FSA & Limited Purpose FSA (LPF) – If an employer has adopted the IRS Maximum contribution limit as indexed by the IRS, no action needs to be taken. The FSA plan documents allow for this change automatically. The annual limit is determined by which calendar year the first date of the FSA plan year falls (so 2025 limits only to plan years starting 1/1/2025 and later).
** The Carryover Provision maximum is indexed to 20% of the IRS annual election limit for the Health FSA and Limited Purpose FSA (increases will always be in increments of $10 for the Carryover maximum).
*** The monthly pre-tax contribution limit for Commuter Transit and Parking is based on the start date of the benefit month, so 2025 monthly limits only apply for plan months starting 1/1/2025 and later.