10/10/2024 12:00:00 PM
Every year the Internal Revenue Service sets the dollar amount for Pre-tax Expense Account benefits.
You have to sign up for pre-tax expense accounts every year. They do not automatically continue like insurance does.
The most you can contribute to a Medical/Dental Expense Account is $3,300.
For most employees, $5,000 per household is the most you can contribute to a Dependent Care Expense Account.
Two Transit Expense Accounts are available to employees who do not have money taken out of their paychecks by their agency for parking or transit. The maximum reimbursement you can receive a month for either account is $325 or $3,900 for the entire year.
While these accounts help you save money by paying less in taxes, they come with rules. These rules include “use it or lose it” deadlines. Review the rules before signing up for the accounts in Self Service.
As mentioned above, you may contribute up to $3,300 to a 2025 Medical/Dental Expense Account. If you don't spend it all by Dec. 31, 2025 you may be able to carry over some of the unspent funds if you meet program requirements. Those requirements include fully funding the 2025 account and signing up for a 2026 account with at least $100. If you follow those rules, you can carry over up to $660 in unspent 2025 funds into 2026. The maximum you can contribute in 2026 will be announced toward the end of 2025.
Open Enrollment for 2024
