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