If you use an employee-sponsored flexible spending account (FSA) for setting aside pretax money to pay for certain medical and care expenses (examples: eyeglasses, day-care for a child, certain forms of physical therapy), the maximum amount you could contribute in 2014 was $2,500. For the 2015 tax year, it has gone up $50 for a total $2,550. There鈥檚 also been a change in rollovers for FSAs. Beginning in 2013, over $500 of a previous year鈥檚 FSA could be rolled into the next year. But beginning in 2015, if you carry over $500 of an FSA into the next year, you are ineligible to participate in a general services Health Savings Account (HSA). These are slightly different from FSAs, so you would still be able to carry over money for specific expenses, like at-home care for a relative.
Travis Morisse/The Hutchinson News/AP/File
