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Fsa Faq 2024. The city of new york offers its employees a flexible spending accounts (fsa) program, which is allowable under internal revenue code (irc) section 125. To apply for fsa, you should submit a completed dd form 1561,. Beginning january 1, 2024, health care fsa contributions are limited by the irs to $3,200 each year. We are pleased to announce the.