HR Fast Facts: What Are the Contribution Limits for FSAs?
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.
| Single or Married, Filing Jointly |
Married and Filing Separately | |
| Health Care / Limited Purpose FSA | $2,750 (2021) $2,850 (2022) $3,050 (2023) $3,200 (2024) |
$2,750 (2021) $2,850 (2022) $3,050 (2023) $3,200 (2024) |
| Child & Elderly Care FSA | $5,000 (2021, 2022, 2023, 2024) | $2,500 (2021, 2022, 2023, 2024) |
Health Care
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.
