What Is The Dependent Care Fsa Limit For 2024 In Mumbai

What Is The Dependent Care Fsa Limit For 2024 In Mumbai. An employee who chooses to participate in an fsa can contribute up to $3,200 through payroll deductions during the 2024 plan year. Dependent care fsa limits for 2024 remain at $5,000 for single filers or married couples filing jointly, and $2,500 for married individuals filing separately.

Here’s what you need to know about new contribution limits compared to last year. It lets you set aside pretax dollars to pay for certain child and adult care services — services that allow you to work or look for work.