Effective January 1, 2025, the IRS is increasing contribution limits for the Healthcare Flexible Spending Account (FSA) and Transit/Parking Reimbursement Program (T/PRP) tax savings accounts. Here are the updated pre-tax contributions and rollover amounts for the 2025 calendar year:
Healthcare Flexible Spending Account (FSA): $3,300/annually / $660 rollover
Transit/Parking Reimbursement Program (T/PRP): $325/month / No rollover limit
Learn more about Columbia University’s Tax Savings programs: