2024 health FSA, other health and fringe benefit limits now set 

Young woman presenting speech chart
November 10, 2023
IRS Rev. Proc. 2023-34 gives the 2024 contribution and benefit limits for health flexible spending arrangements (FSAs), qualified small-employer health reimbursement arrangements (QSEHRAs), long-term care (LTC) policies, transportation fringe benefits and adoption assistance programs. The 2024 figures reflect the increase in the average chained Consumer Price Index for All Urban Consumers (C-CPI-U) for the 12 months ending Aug. 31, 2023, after applying statutory rounding rules.

Health FSA, QSEHRA and LTC limits

This table shows the 2024 adjusted amounts for health FSAs, QSEHRAs and qualified LTC policies, along with the limits for 2023 and 2022. The health FSA carryover limits shown reflect the maximum unused funds that can carry over to the next plan year.
  2024 2023 2022
Health FSA limits (IRC §125(i))

Health FSA limits (IRC §125(i))

Maximum salary reduction contribution

$3,200

$3,050

$2,850

Health FSA limits (IRC §125(i))

Maximum health FSA carryover

640

610

570
QSEHRA limit (IRC § 9831(d))

QSEHRA limit (IRC § 9831(d))

Maximum annual benefit

QSEHRA limit (IRC § 9831(d))

Self-only coverage

6,150

5,850

5,450

QSEHRA limit (IRC § 9831(d))

Family coverage

12,450

11,800

11,050
Qualified LTC policy limits (IRC § 213(d) and 7702B(d)(4))

Qualified LTC policy limits (IRC § 213(d) and 7702B(d)(4))

Premium limits at age

Qualified LTC policy limits (IRC § 213(d) and 7702B(d)(4))

40 or younger

470

$480

$450

Qualified LTC policy limits (IRC § 213(d) and 7702B(d)(4))

41–50

880

890

850

Qualified LTC policy limits (IRC § 213(d) and 7702B(d)(4))

51–60

1,760

1,790

1,690

Qualified LTC policy limits (IRC § 213(d) and 7702B(d)(4))

61–70

4,710

4,770

4,510

Qualified LTC policy limits (IRC § 213(d) and 7702B(d)(4))

Older than 70

5,880

5,960

5,640

Qualified LTC policy limits (IRC § 213(d) and 7702B(d)(4))

Per diem limit

410

420

390
The 2024 adjusted amounts for health savings accounts (HSAs), HSA-qualifying high-deductible health plans, excepted-benefit HRAs, out-of-pocket maximums in nongrandfathered group health plans and various indexed amounts for the ACA’s employer-shared responsibility provision were announced earlier this year.

Qualified transportation fringe benefits and adoption assistance programs

This table shows the 2024 adjusted figures for qualified transportation fringe and adoption assistance benefits set by Rev. Proc. 2023-34, along with amounts for 2023 and 2022.
  2024 2023 2022
Tax-free qualified transportation fringe benefits (IRC § 132 (f))

Tax-free qualified transportation fringe benefits (IRC § 132 (f))

Monthly qualified parking, transit passes or commuter highway vehicles

$315

$300

$280
Qualified adoption assistance programs (IRC § 137)

Qualified adoption assistance programs (IRC § 137)

Exclusion for child with special needs (regardless of expenses incurred)

16,810

15,950

14,890

Qualified adoption assistance programs (IRC § 137)

Aggregate dollar limit for all taxable years

16,810

15,950

14,890

Qualified adoption assistance programs (IRC § 137)

Phaseout begins at modified AGI of

252,150

239,230

223,410

Qualified adoption assistance programs (IRC § 137)

Phaseout completed at modified AGI of

292,150

279,230

263,410

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About the author(s)
Katharine Marshall
Dorian Z. Smith

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