Limited Purpose Fsa Rollover 2024

Limited Purpose Fsa Rollover 2024. With a limited purpose fsa, any unused funds are typically forfeited at the end of the year, unless your employer offers a grace period or allows you to roll a finite amount of unused funds into. Plans that allow a carryover of unspent fsa funds can now permit up to $640 to rollover in 2024 versus the current maximum of $610.

Employers can allow employees to carry over $640 from their medical fsa for taxable years beginning in 2024, which is a $30 increase from 2023. As the name implies, the limited purpose fsa is more restricted in its scope: