IRS Plan Limits for 2022 - 2024

We stop at nothing to bring you clarity! Below you will find the most recent IRS Plan limits for 2023 - 2024.

If you are a clarity participant, refer to the Clarity Portal for your specific plan information and limits.

 

Health Savings Accounts (HSA)

Dependent Care Accounts (DCA)

Flexible Spending Accounts (FSA)

FICA Taxable Wage Base

Transportation Benefits

Wage Parity Benefits

 

Health Savings Accounts (HSA)

2024

2023

HDHP Minimum Annual Deductible
Code 223(c)  
Self-Only$1,600$1,500
Family$3,200$3,000
HDHP Out-of-Pocket Maximum
Code 223(c)  
Self-Only$8,050$7,500
Family$16,100$15,000
HSA Maximum Contribution Limit
Code 223(b)  
Self-Only$4,150$3,850
Family$8,300$7,750
HSA Catch-Up Contribution Limit
Code 223(b)$1,000$1,000

Dependent Care Accounts (DCA)

2024

2023

Maximum DCA Amount Code 129 and 21  
Unless Married Filing Separately$5,000$5,000
If Married Filing Separately$2,500$2,500
Deemed Income of Spouse Incapable of Self-Care or Full-Time Student Code 129 and 21  
With 1 Qualifying Individual$250/mo$250/mo
With 2 or More Qualifying Individuals$500/mo$500/mo

Flexible Spending Accounts (FSA)

2024

2023

Maximum Health FSA Salary Reductions
Code 125$3,200$3,050
Maximum Carryover to Next Plan Year
IRS Notice 2020-33$640$610

FICA Taxable Wage Base

2024

2023

Social Security  
Maximum Taxable Earnings$168,600$160,200
Employer Tax Rate7.65%7.65%
Employee Tax Rate7.65%7.65%

Transportation Benefits

2024

2023

Parking
Code 132(f)
$315/mo$300/mo
Transit Passes & Vanpooling (combined)
Code 132(f)
$315/mo$300/mo

Wage Parity Benefits

2023

2022

Pre-Tax Parking Monthly Limit$300/mo------------
Pre-Tax Transit Monthly Limit$300/mo------------
Post-Tax Park /Transit Monthly LimitNone------------
Cell Phone Monthly Limit$100/mo------------

 

Important note: Plan limits may vary per company, check your company's plan documents for your specific plan limit.