Government Updates 2024

SOCIAL SECURITY LIMIT: $168,600 
401K MAXIMUM: $23,000 - Total Comp = $345,000
401K CATCH-UP: $7,500 for a total of $30,500

Effective January 1, 2024
BUSINESS MILEAGE: 67 cents
MOVING/MEDICAL: 21 cents 
CHARITABLE: 14 cents

HEALTH SAVINGS ACCOUNT: $4,150 FOR INDIVIDUAL AND $8,300 FOR FAMILY
HEALTH SAVINGS ACCOUNT CATCH-UP: $1,000
HEALTH CARE FLEXIBLE SPENDING ACCOUNT LIMIT: $3,050
DEPENDENT CARE FLEXIBLE SPENDING ACCOUNT LIMIT: $5,000 FOR MARRIED JOINT RETURNS AND $2,500 FOR MARRIED FILING SEPARATE RETURNS

TRANSIT PASSES: $315 PER MONTH
TRANSIT PARKING: $315 PER MONTH

ADOPTION ASSISTANCE: $16,810

TUITION ASSISTANCE: $5,250