2024 Medical FSA and QTA annual limits - The IRS has announced that the 2024 annual salary reduction limit for Medical FSAs is $3,200. The annual maximum for Dependent Care FSAs remains $5,000 or $2,500, depending upon federal tax filing status. The Medical FSA Carryover limit increases from $610 to $640. The monthly maximum available under Transit and Parking Account plans increases from $300 to $315. As a reminder, the 2024 annual maximum contributions for Health Savings Accounts are $4,150 (employee only) and $8,300 (family). The HSA Catch-up contribution remains steady at $1,000. You can read our release here: Health Care FSA and Commuter Benefit Limits for 2024