The IRS recently announced in May 2024 changes for contributions limits for 2025 for HSA’s (health savings accounts), FSA’s (flexible spending accounts), and HRA’s (health reimbursement accounts).
Health Savings Account:
Individual Coverage: The contribution limit is $4,300, up from $4,150 in 2024.
Family Coverage: The contribution limit is $8,850, up from $8,300 in 2024.
Catch-Up Contributions: (age 55 or older): The limit remains $1,000.
Flexible Savings Account:
Healthcare FSA: The contribution limit is $3,200, up from $3,050 in 2024.
Dependent Care FSA: The contribution limit remains at $5,000 (or $2,500 if married and filing separately).
Health Reimbursement Account:
Expected Benefit HRA (EBHRA): The maximum contribution remains $5,000 (or $2,500 if married and filing separately).
These adjustments are based off inflation with intent to help individuals and families better manage their healthcare expenses through tax-advantaged savings. For more information, please visit link for official announcement. rp-24-25.pdf (irs.gov)
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