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What is the maximum allowable allocation for an FSA?

April 26, 2017allocation allowable FSA maximum

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What is the maximum allowable allocation for an FSA?

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It varies by the type of account. For a dependent care FSA, the maximum is $5,000 per calendar year, or $2,500 if married filing separately. With a healthcare spending account, the employer determines the maximum annual election. With a premium only plan, no such maximum applies, as the premium is the only pre-tax deduction.