Learn about flexible spending account (FSA) contribution limits here.
Employees elect separate annual contribution amounts for Health Care or Limited Purpose flexible spending account (FSA) and Child & Elderly Care FSAs (aka Dependent Care FSAs) up to the annual IRS limits. Those with a Child & Elderly Care FSA are subject to the limit defined by their federal filing status.
Married, Filing Jointly
|Married and Filing Separately|
|Health Care / Limited Purpose FSA||$2,750 (2021)
|Child & Elderly Care FSA||$5,000 (2021, 2022, 2023, 2024)||$2,500 (2021, 2022, 2023, 2024)|
For spouses filing separately, each spouse can elect up to the health care max in the year (in 2024, that would be $3,200 + $3,200 = $6,400 household total).
Child & Elderly (Dependent) Care
Total contributions for both the employer and employee cannot exceed $5,000 (2024) for Dependent Care FSAs for the calendar year. Any amount exceeding that is taxable income. Additionally, when a married couple files separately, the total combined contribution for Dependent Care FSAs cannot exceed $2,500 for each.