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4+ Prospective DCFSA Limits for 2025

January 27, 2025 by sadmin

DCFSA Limits 2025 refers to the annual contribution limits for Dependent Care Flexible Spending Accounts (DCFSAs) in the United States for the calendar year 2025. These limits are set by the Internal Revenue Service (IRS) and determine the maximum amount of money that employees can contribute to their DCFSAs on a pre-tax basis to pay for eligible dependent care expenses, such as childcare and eldercare.

The DCFSA limits are adjusted annually to keep pace with inflation. For 2025, the limit is expected to be $5,000 for single participants and $10,000 for married couples filing jointly. These limits provide significant tax savings for many working families, as they can reduce their taxable income by the amount of their DCFSA contributions.

2025: 403(b) Limits on the Horizon

January 26, 2025 by sadmin

403(b) limits refer to the maximum amount of money that can be contributed to a 403(b) retirement plan each year. These limits are set by the Internal Revenue Service (IRS) and are adjusted periodically for inflation.

The 403(b) contribution limits for 2025 have not yet been announced by the IRS, but they are expected to be higher than the 2024 limits. For 2024, the 403(b) contribution limits are as follows:

8+ Essential 2025 IRS FSA Limits & Updates You Need to Know

January 25, 2025 by sadmin

8+ Essential 2025 IRS FSA Limits & Updates You Need to Know

The IRS sets limits on the amount of money that can be contributed to a flexible spending account (FSA) each year. For 2025, the annual contribution limit for health FSAs is $3,050, and the limit for dependent care FSAs is $5,000.

FSAs offer several benefits, including tax savings and the ability to pay for qualified medical expenses with pre-tax dollars. However, it’s important to note that FSA contributions are made on a pre-tax basis, meaning that they are deducted from your paycheck before taxes are calculated. This can result in a lower taxable income and a corresponding reduction in your tax liability.

9+ Essential 2025 Dependent Care FSA Contribution Limits

January 25, 2025 by sadmin

9+ Essential 2025 Dependent Care FSA Contribution Limits

The 2025 dependent care FSA contribution limit is the maximum amount of money that can be contributed to a dependent care flexible spending account (FSA) for 2025. The limit is set by the Internal Revenue Service (IRS) and is adjusted annually for inflation.

Dependent care FSAs are employer-sponsored accounts that allow employees to set aside pre-tax dollars to pay for eligible dependent care expenses, such as childcare, eldercare, and summer camp. Contributions to the account are deducted from the employee’s paycheck before taxes are calculated, reducing the employee’s taxable income. The funds in the account can be used to reimburse the employee for eligible expenses incurred during the plan year.