purpose

The 2025 restricted objective FSA limits are the annual contribution limits for well being care bills that may be made to a restricted objective versatile spending account (FSA). These accounts are supplied by employers to assist staff get monetary savings on certified medical bills, resembling physician’s visits, prescribed drugs, and dental care.

The boundaries for 2025 haven’t but been launched by the Inside Income Service (IRS), however they’re anticipated to be much like the boundaries for 2024. For 2024, the restrict for worker contributions to a restricted objective FSA is $3,050. Employers might also contribute to the account, however the whole quantity that may be contributed by the employer and worker mixed is $5,450.

Read more

Restricted-purpose FSAs, also referred to as well being FSAs, are employer-sponsored health-savings accounts that permit staff to save lots of pre-tax {dollars} to make use of on certified medical bills.

In 2025, the contribution restrict for limited-purpose FSAs is ready at $3,050. This quantity is topic to alter yearly, so you will need to test together with your employer or seek advice from the IRS web site for essentially the most up-to-date info.

Restricted-purpose FSAs provide a number of advantages, together with:

Read more