Commuter Benefits Irs Limit 2024. On november 9, 2023, the irs released the long awaited 2024 maximum contribution limits for flexible spending arrangements (fsa) and commuter accounts. The irs has announced that the contribution limit for workers who participate in 401 (k), 403 (b), most 457 plans, and the.

In 2024, employees can contribute up to $315 per month for qualified commuter benefits (e.g., mass transit and parking), up from $300 per month in 2023. Commuter benefits allow employers to deduct the cost of transportation associated with getting to and from work, like transit.