Dependent Care Fsa Income Limit 2024 For Dependents

Dependent Care Fsa Income Limit 2024 For Dependents. For 2023, the maximum amount that can be excluded from an employee's income through a dependent care assistance program is $5,000 ($2,500 if. An employee who chooses to participate in an fsa can contribute up to $3,200 through payroll deductions during the 2024 plan year.

Each year, the irs outlines contribution limits for dependent care accounts. Amounts contributed are not subject to federal income tax, social security tax or medicare tax.