IRS Guidelines, Contribution Limits And Eligible Expenses
The IRS sets limits each year for maximum contributions to each type of account-based benefit. Use this information as a reference, but please visit IRS.gov for the latest updates.
Health Savings Account (HSA) – IRS Limits
2023 |
||
|---|---|---|
 |
 |
|
| Maximum Contribution Limit | $3,850 | $7,750 |
| Minimum Deductible | $1,500 | $3,000 |
| Maximum Out-of-Pocket |
$7,500 | $15,000 |
| Catch-up Contribution (55+) | $1,000 | $1,000 |
2024 |
||
|---|---|---|
|
|
|
| Maximum Contribution Limit | $4,150 | $8,300 |
| Minimum Deductible | $1,600 | $3,200 |
| Maximum Out-of-Pocket |
$8,050 | $16,100 |
| Catch-up Contribution (55+) | $1,000 | $1,000 |
Flexible Spending Account (HC-FSA and LP-FSA) - IRS Limits
2022 |
|
|---|---|
| Maximum Contribution | $2,850 |
| Maximum Carryover Amount | $570 |
2023 |
|
|---|---|
| Maximum Contribution | $3,050 |
| Maximum Carryover Amount | $610 |
Dependent Care Flexible Spending Account (DC-FSA) - IRS Limits
2022 |
|
|---|---|
| Maximum Contribution | $2,500 |
| If Filing Taxes Jointly, Maximum Contribution |
$5,000 |
2023 |
|
|---|---|
| Maximum Contribution | $2,500 |
| If Filing Taxes Jointly, Maximum Contribution |
$5,000 |
Commuter Benefits - Parking and Transit - IRS Limits
2022 |
|
|---|---|
| Maximum Contribution (Per Month / Per Each Benefit) |
$280 |
2023 |
|
|---|---|
| Maximum Contribution (Per Month / Per Each Benefit) |
$300 |
Tuition Reimbursement Account - IRS Limits
2022 |
|
|---|---|
| Maximum Contribution |
$5,250 |
2023 |
|
|---|---|
| Maximum Contribution |
$5,250 |
Adoption Assistance - IRS Limits
2022 |
|
|---|---|
| Maximum Contribution |
$14,890 |
2023 |
|
|---|---|
| Maximum Contribution |
$15,950 |
IRS-Qualified Medical Expenses
You can pay for a wide range of IRS-qualified medical expenses with your HSA, including many that aren't typically covered by health insurance plans. This includes deductibles, co-insurance, prescriptions, dental and vision care, and more. For a complete list of IRS-qualified medical expenses visit irs.gov or view a list of qualifying examples.