More and more of the 2024 tax related numbers have been released by the IRS throughout 2023. Here are those thresholds. Still need the 2023 thresholds? You can find those here.

These numbers were released earlier this year

Self HSA contribution – $4150 (up from $3850)

Family coverage HSA contribution – $8300 (up from $7500)

Social Security wage base – $168600 (up from $160,200)

New from the IRS as of November 1, 2023:

Contribution limits +$500 limit on the 403b and 457b contribution ($22.5k -> $23k). Contribution limits +$500 on IRA’s ($6,500 -> $7,000). 403b catch-up contribution limits +$0k ($7,500 -> $7500). The $1k IRA catch up limit stays the same, because it’s not indexed for inflation.

Phase out ranges for deductibility of IRA contributions:

Tax filing status	2024 AGI	2023 AGI	2022 AGI
Single, Head of household	$77-87k	$73-83k	$68-78k
Married filing jointly, Qualifying widow/widower	$123-143k	$116-136k	$109-129k

and eligibility for Roth IRA contributions:

Tax filing status	2024 AGI	2023 AGI	2022 AGI
Single, Head of household	$146-161k	$138-153k	$129-144k
Married filing jointly, Qualifying widow/widower	$230-240k	$218-228k	$204-214k

Highly compensated employee threshold went from $150k -> $155k.

And the maximum plan contribution limit will be $69k (up from $66k).

For those with a non-High Deductible Health Plan, and therefore eligible for a Health Care Flexible Spending Account (instead of an HSA), the news came out late enough, you may find your company is sticking with the 2023 numbers. If you’re lucky enough that your company is going with the new numbers, those are $3,200 (up from $3,050), with a carry-over amount permitted of up to $640 (up from $610).

Happy budgeting and planning for 2024! And remember, almost all of these are simply benchmarked to inflation. If your employer’s raise doesn’t at least cover your going from maxing out your account in 2023 to maxing out those same account(s) in 2024, then your raises aren’t keeping up with inflation.