2025 Indexing for FSAs and Commuter Plans
· Oct 22, 2024
In , the IRS announced 2025 indexing for numerous provisions, including the following items relevant for many employers sponsoring benefit plans:
2024 | 2025 | |
---|---|---|
Health FSA | $3,200 | $3,300 |
FSA Carryover limit | $640 to a plan year starting in 2025 | $660 to a plan year starting in 2026 |
Qualified Transit | $315/mo | $325/mo |
Qualified Parking | $315/mo | $325/mo |
Adoption Assistance (subject to income caps) | $16,810 | $17,280 |
Please let your IMA Benefits team know if you have any questions.
IMA will continue to monitor regulator guidance and offer meaningful, practical, timely information. This material should not be considered as a substitute for legal, tax and/or actuarial advice. Contact the appropriate professional counsel for such matters. These materials are not exhaustive and are subject to possible changes in applicable laws, rules, and regulations and their interpretations.