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IRS New Release: IR-2023-234: IRS: 2024 Flexible Spending Arrangement contribution limit rises by $150

  • Published on Dec 13, 2023
  • by TXCPA Houston


WASHINGTON — During open enrollment season for Flexible Spending Arrangements (FSAs), the Internal Revenue Service reminds taxpayers that they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans through their FSA.

For 2024, there is a $150 increase to the contribution limit for these accounts.

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