Benefit Plan Limits for 2024 and 2025

Overview

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Defined Contribution Plans
Health Savings Accounts (HSAs) and High-Deductible Health Plans (HDHPs)
Health Care Flexible Spending Accounts (Health FSAs) and Limited-Scope (Vision/Dental) FSAs
Social Security (FICA) Payroll Tax
Qualified Transportation Benefit (monthly limits)
Dependent Care FSAs (DC-FSAs), also called Dependent Care Assistance Plans (DCAPs)

Defined Contribution Plans

	2024	2025	Change
Maximum employee elective deferral (age 49 or younger)	$23,000	$23,500	+$500
Employee catch-up contribution (age 50 to 59 or 64 or older by year-end)	$7,500	$7,500	N/A
Employee catch-up contribution (age 60 to 63)	$11,250	$11,250	N/A
Defined contribution maximum limit, employee + employer (age 49 or younger)	$69,000	$70,000	+$1,000
Defined contribution maximum limit (age 50-59 or 64 or older), all sources + catch-up	$76,500	$77,500	+$1,000
Defined contribution maximum limit (age 60-63), all sources + catch-up	$81,250	$81,250	N/A
Employee compensation limit for calculating contributions	$345,000	$350,000	+$5,000
Key employees’ compensation threshold for top-heavy plan testing	$220,000	$230,000	+$10,000
Highly compensated employees’ threshold for nondiscrimination testing	$155,000	$160,000	+$5,000

Health Savings Accounts (HSAs) and High-Deductible Health Plans (HDHPs)

	2024	2025	Change
HSA contribution limit (employer + employee)	Self-only: $4,150	Self-only: $4,300	+$150
	Family: $8,300	Family: $8,550	+$250
HSA catch-up contributions (age 55 or older)	$1,000	$1,000	N/A
HDHP minimum deductibles	Self-only: $1,600	Self-only: $1,650	+$50
	Family: $3,200	Family: $3,300	+$100
HDHP maximum out-of-pocket amounts (deductibles, co-payments and other amounts, but not premiums)	Self-only: $8,050	Self-only: $8,300	+$250
	Family: $16,100	Family: $16,600	+$500

Health Care Flexible Spending Accounts (Health FSAs) and Limited-Scope (Vision/Dental) FSAs

	2024	2025	Change
Maximum salary deferral	$3,200	$3,300	+ $100

Social Security (FICA) Payroll Tax

	2024	2025	Change
Maximum earnings subject to Social Security 12.4% FICA payroll tax (6.2% paid by employer and 6.2% paid by employee)	$168,600	$176,100	+ $7,500

Qualified Transportation Benefit (monthly limits)

	2024	2025	Change
Transit passes and van pool services (employer + employee)	$315	$325	+ $10
Qualified parking	$315	$325	+ $10

Dependent Care FSAs (DC-FSAs), also called Dependent Care Assistance Plans (DCAPs) (no change for 2025)

	2024/2025
Maximum salary deferral (single taxpayers and married couples filing jointly)	$5,000
Maximum salary deferral (married couples filing separately)	$2,500